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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Partnering for Growth: Hoenergy and Octopus Energy Sign MoU to Expand Their Digital Energy Footprint

Partnering for Growth: Hoenergy and Octopus Energy Sign MoU to Expand Their Digital Energy Footprint

Hoenergy has signed a strategic cooperation agreement with Octopus Energy, the UK-based European clean energy leader. The two companies will partner closely across energy storage equipment, digital energy technology and VPPs, combining their respective strengths in energy technology, market access, platforms and operations. Together, they aim to grow their presence in new energy markets in […]
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