PHP Ventures Acquisition said $575,000 (10 cents a share) was deposited into the SPAC’s trust account for a three-month extension from Nov. 16 to Feb. 16, 2023. This is the last of two three-month extensions permitted under the company’s governing documents.
The SPAC raised $50 million in an August 2021 IPO to focus on consumer-facing companies with a significant Africa presence or a compelling Africa potential. Read more.