Meteora Capital Reports 73,051 Shares of PPHPU, Shared Voting Power

Rhea-AI Filing Summary

Meteora Capital, LLC and Vik Mittal report beneficial ownership of 73,051 shares of PHP Ventures Acquisition Corp. Class A common stock, representing 6.30% of the class.

The statement discloses shared voting and shared dispositive power over all 73,051 shares and reports no sole voting or dispositive power. The reporting persons certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Positive

• Beneficial ownership disclosed: 73,051 shares, representing 6.30% of Class A common stock
• Clear classification: Filed by an investment adviser (Meteora Capital) and identifies the managed funds and accounts

Negative

• No sole voting or dispositive power: reporting persons state 0 shares of sole voting or dispositive power, which limits direct control
• No indication of acquisition purpose beyond ordinary-course holdings: filing asserts shares were not acquired to change or influence control

Insights

Financial Analyst

TL;DR: Meteora discloses a 6.30% stake in PHP Ventures with only shared voting and dispositive power, a material >5% disclosure.

This Schedule 13G/A reports a meaningful passive stake equal to 6.30% of Class A common stock (73,051 shares). As filed under the investment adviser classification, the position is presented as managed on behalf of funds and accounts, with shared voting and dispositive authority but no sole control. For market participants, the filing is primarily informative: it signals a sizable stake without claims of control or an active attempt to influence issuer management.

Corporate Governance Expert

TL;DR: The filing indicates non-control ownership; shared powers mean influence is possible but no assertion of intent to change issuer control.

The report clarifies governance implications by showing no sole voting or dispositive power and asserting holdings are in the ordinary course of business, not intended to affect control. From a governance perspective, this reduces immediate takeover or control concerns, while still placing the reporting persons among significant minority holders whose views may matter in aggregate with other holders.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

PHP Ventures Acquisition Corp.

(Name of Issuer)

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

69291C106

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 69291C106

1

Names of Reporting Persons

Meteora Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 73,051.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 73,051.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

73,051.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.30 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PHP Ventures Acquisition Corp.
(b)	Address of issuer's principal executive offices: 10 East 53rd St., Suite 3001, New York, NY, 10022
Item 2.
(a)	Name of person filing: (i) Meteora Capital, LLC, a Delaware limited liability company ("Meteora Capital") with respect to the Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Meteora Capital serves as investment manager (collectively, the "Meteora Funds"); and (ii) Vik Mittal, who serves as the Managing Member of Meteora Capital, with respect to the Common Stock held by the Meteora Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.
(b)	Address or principal business office or, if none, residence: The address of the principal business office for each of the Reporting Persons is: 1200 N Federal Hwy, #200, Boca Raton FL 33432
(c)	Citizenship: Meteora Capital is a Delaware limited liability company. Vik Mittal is a United States citizen.
(d)	Title of class of securities: Class A Common Stock, $0.0001 par value per share
(e)	CUSIP No.: 69291C106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 73,051
(b)	Percent of class: 6.30 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 73,051
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 73,051
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Meteora Capital, LLC

Signature:	Vik Mittal
Name/Title:	Managing Member
Date:	08/14/2025

FAQ

What stake did Meteora Capital report in PHP Ventures (PPHPU)?

Meteora Capital reported beneficial ownership of 73,051 shares, equal to 6.30% of Class A common stock.

Does Meteora Capital have voting control over PPHPU shares?

No sole voting power was reported. The filing shows shared voting power for all 73,051 shares and 0 shares of sole voting power.

Were the shares acquired to influence control of PHP Ventures (PPHPU)?

No. The reporting persons certify the securities were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.

Who are the reporting persons on the Schedule 13G/A for PPHPU?

Meteora Capital, LLC Vik Mittal (Managing Member) are listed as the reporting persons.

How is Meteora Capital classified in the filing for PPHPU?

Classified as an investment adviser (IA) reporting ownership on behalf of funds and managed accounts that it manages.