PHP Ventures Acquisition Corp.
Cash in trust
—
Not yet disclosed
Trust per share
$11.06
Redemption value
IPO
Aug 2021
—
Combination deadline
Aug 16, 2024
Deadline passed
Filings on record
219
Latest Jul 15, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Dec 8, 2022
Overview
PHP Ventures Acquisition Corp. is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001863460. It completed its initial public offering in Aug 2021. The vehicle is sponsored by Global Link through Global Link Investment LLC. The mandate targets consumer. Definitive business-combination agreement signed, closing pending.
“we intend to focus on consumer-facing companies with a significant Africa presence or a compelling Africa potential, which complements the expertise of our management team.”
Reading the filings
Arithmetic on what PHP Ventures Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $11.06 per public share, 10.6% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Time on the clock
The stated combination deadline of Aug 16, 2024 has passed without a closing in our filing record. Either an extension was approved that we have not yet indexed, or the vehicle is in wind-down. Check the latest proxy statement.
Extension history
Shareholders have already approved 5 extensions. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Sponsor promote
The sponsor's founder block is 187,500 shares against 866,139 public shares, or 17.8% of the combined count, acquired before the IPO at nominal cost. That promote is the structural dilution every public shareholder carries into a combination, and it is why the economics of a de-SPAC differ so sharply from a conventional IPO.
Sponsor record
Global Link has launched 2 vehicles, none of which has resolved yet, so there is no completion record to read.
From listing to the date PHP Ventures Acquisition Corp. must close a deal, extend again, or return the trust. The marker is today.
At every shareholder vote holders may hand their shares back for their cash. Each bar is one vote, read out of the 8-K that reported it.
5.7M shares handed back across 3 votes, 663% of the shares sold at IPO.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
219 filings in all. 3 in the last three months, against a busiest month of 21.
Scores
Recomputed 2d agoThree readings of PHP Ventures Acquisition Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
ModerateHow much does the structure protect a holder right now?
48/100
- Trust accretion89
$11.06 per share
- Runway7
-791 days
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
LowHow much attention is this vehicle attracting right now?
2/100
- Filing activity0
0 in 30 days
- News coverage0
0 stories in 30 days
- Deal freshness6
announced 1408 days ago
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on PHP Ventures Acquisition Corp.
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- 8-K
Other events
Item 8.01 · Accession 0001493152-26-033375
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-029346
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-024360
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-018319
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001905106-26-000047
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders
Items 1.01, 5.03, 5.07, 9.01 · Accession 0001493152-26-003332
- 8-K
Submission of matters to a vote of security holders; Other events
Items 5.07, 8.01, 9.01 · Accession 0001493152-26-002361
- 8-K
Other events
Item 8.01 · Accession 0001493152-26-002359
- DEF 14A
Definitive proxy statement
Accession 0001493152-25-029836
- 8-K
Other events
Item 8.01 · Accession 0001493152-25-028454
- PRER14A
PRER14A
Accession 0001493152-25-026974
- 8-K
Other events
Item 8.01 · Accession 0001493152-25-023934
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001905106-25-000076
- 8-K
Other events
Item 8.01 · Accession 0001493152-25-019000
- 8-K
Other events
Item 8.01 · Accession 0001493152-25-013989
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-024743
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001905106-25-000037
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001905106-25-000036
- PRE 14A
PRE 14A
Accession 0001641172-25-021170
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-020059
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-015591
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-011013
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-25-002132
- 8-K
Other events
Item 8.01 · Accession 0001641172-25-005225
- 425
Business-combination communication
Accession 0001493152-25-010896
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001493152-25-010894
- 425
Business-combination communication
Accession 0001493152-25-007550
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001493152-25-007549
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-25-000993
- 425
Business-combination communication
Accession 0001493152-25-002685
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PHP Ventures Acquisition Corp.: questions answered
What is PHP Ventures Acquisition Corp.?
PHP Ventures Acquisition Corp. is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001863460. It completed its initial public offering in Aug 2021. The vehicle is sponsored by Global Link through Global Link Investment LLC. The mandate targets consumer. Definitive business-combination agreement signed, closing pending.
How much does PHP Ventures Acquisition Corp. hold in trust?
No trust balance has been disclosed in a filing we have indexed for PHP Ventures Acquisition Corp.. For a newly priced IPO this is normal: the figure first appears in the quarterly report after closing.
When must PHP Ventures Acquisition Corp. complete a merger?
By Aug 16, 2024, after 5 shareholder-approved extensions. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if PHP Ventures Acquisition Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in PHP Ventures Acquisition Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $11.06 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for PHP Ventures Acquisition Corp.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do PHP Ventures Acquisition Corp.'s founder shares and warrants create?
The founder block is 187,500 shares against 866,139 public shares, so roughly 17.8% of the combined count sits with the sponsor at nominal cost. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors PHP Ventures Acquisition Corp., and what is their track record?
Global Link Investment LLC is the sponsor entity, part of the Global Link franchise. That franchise has launched 2 vehicles in total, none of which has resolved yet. Named principals: Marcus Choo Yeow Ngoh.
Is PHP Ventures Acquisition Corp. a good investment?
That is not a question this site answers. PHP Ventures Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this PHP Ventures Acquisition Corp. data come from?
Filings PHP Ventures Acquisition Corp. submitted to the SEC under CIK 0001863460: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Global Link: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Consumer SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs with an announced deal
Definitive business-combination agreement signed, closing pending.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.