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MIAMI BEACH, FL, Nov. 7, 2022 (GLOBE NEWSWIRE) — PHP Ventures Acquisition Corp. (“PHP Ventures” or the “Company”) (Nasdaq: PPHPU), a special purpose acquisition company, announced today that it has arranged to deposit $575,000 into the Company’s escrow account for its public shareholders, equivalent to $0.10 per Public Share, allowing the Company to extend the period it has to consummate its original business combination by three months from November 16, 2022 to February 16, 2023 (the “Extension”). The extension is the second of two three-month extensions permitted under the Company’s relevant documents.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed IPO and expected use of net proceeds. There can be no assurance that the offer discussed above will be completed on the terms…
Read on GNW: PHP Ventures Acquisition Corp. confirms funding for renewal
