STOCK TITAN

PHP Ventures (PPHPU) deposits $4,770.70 to extend SPAC deal deadline by one month

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

PHP Ventures Acquisition Corp. reported that it plans to seek stockholder approval to extend the deadline to complete its initial business combination, which expired on August 16, 2025. This extension process would give the SPAC more time to find and close a suitable merger target.

To support this plan, the company deposited $4,770.70 into its trust account on August 13, 2025. This deposit allows a one‑month extension of the business combination deadline, moving it from August 16, 2025 to September 16, 2025 for its public stockholders.

Positive

  • None.

Negative

  • None.

Insights

PHP Ventures uses a small trust deposit to gain one extra month to complete a business combination.

PHP Ventures Acquisition Corp. is using a typical SPAC mechanism: it deposited $4,770.70 into its trust account to extend its merger deadline by one month, from August 16, 2025 to September 16, 2025. This step preserves the existing SPAC structure while leadership pursues a transaction.

The company also plans to seek stockholder approval for a broader extension of the deadline to complete an initial business combination. Outcomes will depend on both stockholder voting at the special meeting and the company’s ability to sign a qualifying deal before the extended dates disclosed.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 13, 2025

 

PHP Ventures Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

Delaware

(State or other jurisdiction of incorporation)

 

001-40696   86-3368971

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

10 East 53rd St., Suite 3001

New York, NY, 10022

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code +1 (917) 764-4996

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None.

 

*Registrant was suspended from trading on Nasdaq on April 19, 2024 and a Form 25 was filed on June 28, 2024.

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 8.01. Other Events.

 

PHP Ventures Acquisition Corp., a Delaware corporation (the “Company”), intends to seek stockholder approval to extend the date by which the Company must consummate an initial business combination, which expired on August 16, 2025 (the “Extension”). In connection with the Extension, on July 28, 2025, the Company filed with the U.S. Securities and Exchange Commission (the “SEC”) a preliminary proxy statement (the “Preliminary Proxy Statement”) relating to a special meeting of the Company’s stockholders (the “Special Meeting”).

 

The Preliminary Proxy Statement contains important information about the Extension, the Special Meeting, and related matters, and is available on the SEC’s website at www.sec.gov. Stockholders of the Company are urged to read the Preliminary Proxy Statement and, when available, the definitive proxy statement and any other relevant documents filed with the SEC because they contain or will contain important information about the Extension.

 

In connection with its plans to extend, on August 13, 2025, the Company caused to be deposited $4,770.70 into its trust account for its public stockholders, allowing the Company to extend the date by which the Company may consummate an initial business combination by one month from August 16, 2025 to September 16, 2025.

 

 

 

 

SIGNATURES

 

Under the requirements of the Securities Exchange Act of 1934, the Company has caused this report to be signed by the duly authorized undersigned.

 

  PHP VENTURES ACQUISITION CORP.
   
Date: August 19, 2025 By: /s/ Marcus Choo Yeow Ngoh
  Name: Marcus Choo Yeow Ngoh
  Title: Chief Executive Officer and Director

 

 

FAQ

What did PHP Ventures Acquisition Corp. (PPHPU) disclose in this 8-K?

PHP Ventures Acquisition Corp. disclosed that it intends to seek stockholder approval to extend the deadline to complete its initial business combination. It also reported depositing $4,770.70 into its trust account to secure a one-month extension from August 16, 2025 to September 16, 2025.

How long is PHP Ventures (PPHPU) extending its business combination deadline?

PHP Ventures is extending its business combination deadline by one month, moving it from August 16, 2025 to September 16, 2025. This extension is supported by a trust account deposit and is part of a broader plan to seek stockholder approval for additional time.

How much did PHP Ventures (PPHPU) deposit into its trust account for the extension?

PHP Ventures deposited $4,770.70 into its trust account for public stockholders. This payment allows the company to extend the date by which it may complete an initial business combination by one month, from August 16, 2025 to September 16, 2025.

Why is PHP Ventures (PPHPU) seeking a stockholder-approved extension?

PHP Ventures intends to seek stockholder approval to extend the date by which it must consummate an initial business combination. The original deadline expired on August 16, 2025, so management is asking investors for more time to identify and close a suitable merger transaction.

What is the role of the Preliminary Proxy Statement mentioned by PHP Ventures (PPHPU)?

The Preliminary Proxy Statement describes the proposed extension, the special meeting, and related matters. Filed on July 28, 2025, it provides stockholders detailed information they are urged to review before voting on extending the deadline to consummate an initial business combination.

Where can PHP Ventures (PPHPU) stockholders find information about the extension and special meeting?

Stockholders can find information about the extension and special meeting in PHP Ventures’ Preliminary Proxy Statement filed with the SEC. The document is available on www.sec.gov and explains the proposed extension terms and voting process in more detail.
Php Ventures Acquisition Corp

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