PHP Ventures Corp (PPHP) has released an update.
PHP Ventures Acquisition Corp. is actively seeking the necessary $2.5 million in funding to complete a strategic business combination with Modulex Modular Buildings Plc, following a request from Nasdaq for an update post-hearing. The company has received positive signals from a New York broker dealer, a capital advisory firm, and an investment bank’s sustainability team, all showing interest in arranging the required financing. Furthermore, discussions about a potential bridge loan and innovative construction draw funding options are underway, signaling a dynamic approach to securing their financial goals ahead of the impending merger, which would position PHP Ventures as a fully-owned subsidiary of Modulex.
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For a comprehensive understanding of the announcement, you can read the full document here.
