PHP Ventures Acquisition Corp. secures one-month SPAC extension with trust top-up

Rhea-AI Filing Summary

PHP Ventures Acquisition Corp. (PPHPU) filed an 8-K to disclose a one-month extension of its business-combination deadline. On June 16, 2025 the SPAC deposited $4,770.70 into its trust account, moving the outside date from June 16, 2025 to July 16, 2025, as permitted by its governing documents. The filing contains no financial results or details of a potential target. Securities registered under Section 12(b) are listed as “None,” and the company notes that trading on Nasdaq was suspended on April 19, 2024, with a Form 25 filed on June 28, 2024. The registrant remains an emerging-growth company. Other than the trust-fund contribution and new deadline, no additional material events were reported.

Positive

• Extension Secured: Deposit of $4,770.70 extends the merger deadline to July 16, 2025, preserving the SPAC’s ability to seek a business combination for another month.

Negative

• Nasdaq Delisting: Trading was suspended on April 19, 2024, and a Form 25 was filed, reducing market visibility and liquidity.
• Short Runway: Only a one-month extension indicates limited time to finalize or announce a deal.
• Small Trust Contribution: Low deposit size suggests substantial prior redemptions, potentially shrinking deal funding.

Insights

SPAC Analyst

TL;DR: Small trust deposit buys PPHPU one extra month; no deal yet, impact neutral.

The $4,770.70 deposit represents roughly $0.02 per outstanding public share, implying a modest float after prior redemptions. The extension to July 16 provides minimal additional runway to announce or close a merger. While routine within SPAC mechanics, the filing offers no insight into target identification or deal progress. Given the company’s delisting from Nasdaq and lack of forward disclosure, this event neither materially improves nor worsens investor outlook.

Risk Analyst

TL;DR: Delisting and repeated extensions heighten risk; outlook tilted negative.

Investors should note the SPAC is already off a major exchange and operating on tight deadlines. Requiring only $4,770.70 to extend suggests a significantly diminished share base, often a symptom of large redemptions. Each month without a definitive agreement increases liquidation risk, and the delisting limits liquidity. Although the extension itself is procedural, the cumulative signals point to elevated downside risk unless a credible merger is announced quickly.

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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): June 16, 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”), has announced that it 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 (the “Extension”) from June 16, 2025 to July 16, 2025. The Extension is permitted under the Company’s governing documents.

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: June 18, 2025	By:	/s/ Garry Stein
	Name:	Garry Stein
	Title:	Chief Financial Officer

FAQ

Why did PHP Ventures Acquisition Corp. file this 8-K?

To disclose a $4,770.70 deposit into its trust account, extending its merger deadline from June 16 to July 16, 2025.

How long is the new extension for PPHPU’s business combination deadline?

The deadline has been extended by one month to July 16, 2025.

How much money was added to the trust account?

The company deposited $4,770.70 to fund the one-month extension.

Is PHP Ventures Acquisition Corp. still listed on Nasdaq?

No. Trading was suspended on April 19, 2024, and a Form 25 to remove the listing was filed on June 28, 2024.

Does the 8-K mention any potential merger target?

No. The filing includes no information about a target or ongoing negotiations.