PHP Ventures raises additional $7.5M from underwriters of IPO

PHP Ventures raises additional $7.5M from underwriters of IPO

  • PHP Ventures Acquisition (NASDAQ:PPHPU) raised an additional $7.5M after the underwriters of its Nasdaq IPO exercised their option in full to buy 750K units at $10/unit.
  • In total the company sold 5.75M units for gross proceeds of $57.5M.
  • Each unit consists of one common share; 0.5 redeemable warrant; and one right to acquire 1/10 of one common stock.
  • Each warrant can be used to buy one common stock at $11.50/share.
  • PHP Ventures — is a blank check company formed for the purpose of effecting a merger, reorganization, or business combination — is led by Chairman and CEO Marcus Choo Yeow Ngoh and CFO Garry Stein.
  • PHP Ventures intends to focus on consumer-facing companies with a significant Africa presence or a compelling Africa potential, which complements the expertise of the company’s management team.

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ARC Group Promotes Charlene Lui to Director

ARC Group Promotes Charlene Lui to Director

ARC Group is pleased to announce the promotion of Charlene Lui to Director. Based in Hong Kong, Charlene is a member of the firm’s M&A team, where she has built a track record of originating and overseeing new business opportunities and client engagements from initial pitch through transaction closing, helping drive ARC Group’s deal pipeline […]
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