Financial Performance - For the nine months ended September 30, 2023, the company reported a net loss of $1,095,577, compared to a net loss of $1,500,430 for the same period in 2022, indicating a decrease in losses of approximately 27%[120][121]. - The company has not generated any revenues to date and does not expect to do so until after completing its Business Combination[119]. Cash and Working Capital - The company had available cash of $71,466 and a working capital of $2,306,471 as of September 30, 2023, which will be used for identifying and evaluating prospective acquisition candidates[127]. - As of September 30, 2023, the company has borrowed $1,190,621 under Working Capital Loans to finance transaction costs related to a Business Combination[128]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on August 16, 2021, raising gross proceeds of $50,000,000 from the sale of 5,000,000 units at $10.00 per unit[122]. - The company has incurred total offering costs of $3,153,369 related to the Initial Public Offering, including $1,750,000 for deferred underwriting commissions[122]. - The Underwriter received a cash underwriting fee of 2.0% of gross proceeds, totaling $1,150,000, with deferred commissions of $2,012,500[137][138]. - The net proceeds from the Initial Public Offering have been invested in U.S. government treasury bills or money market funds, minimizing interest rate risk exposure[139]. Business Combination Plans - The company has extended the deadline to complete its initial Business Combination to August 16, 2024, allowing for up to twelve one-month extensions[130]. - On August 15, 2023, the company deposited $80,000 into its Trust Account to extend the period for consummating its initial Business Combination by two months[131]. - The company expects to incur significant costs in pursuing its initial Business Combination plans and cannot assure the success of raising capital or completing the Business Combination[117]. - If the Company fails to complete the initial Business Combination, it may face substantial doubt about its ability to continue as a going concern[133]. Trust Account and Securities - The company reported realized and unrealized gains from marketable securities held in the Trust Account of $603,357 for the nine months ended September 30, 2023[120]. - The Company will repay loaned amounts from the Trust Account proceeds if the initial Business Combination is completed, or convert loans into units at $10.00 per unit[132]. Financial Position - The Company has no off-balance sheet financing arrangements or long-term liabilities[134].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to______ Commission File Number: 001-40696 PHP Ventures Acquisition Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to______ Commission File Number: 001-40696 PHP Ventures Acquisition Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

IPO and Financial Overview - The Company completed its Initial Public Offering on August 16, 2021, raising gross proceeds of $50 million from the sale of 5,000,000 units at $10.00 per unit[39]. - A total of $58,075,000 was deposited into a trust account for the benefit of the Company's public stockholders, net of underwriting commissions and offering expenses[42]. - The company incurred offering costs of $3,153,369 during the IPO, including $1,750,000 for deferred underwriting commissions[109]. - As of December 31, 2022, the company reported a net loss of $1,848,123, which included a realized gain on marketable securities of $802,841 and operational costs of $2,369,751[108]. - The company had a weighted average of 6,013,155 Class A common shares outstanding for the year ended December 31, 2022, up from 3,162,250 in 2021[202]. - The total stockholders' deficit increased to $5,178,212 as of December 31, 2022, from $1,599,890 in 2021[200]. - Cash at the end of the period was $24,927, a decrease from $486,315 at the beginning of the period[206]. - The cash and marketable securities held in the trust account were $59,805,199 as of December 31, 2022, compared to $58,075,594 in 2021[200]. Business Combination Plans - The Company extended the deadline to consummate its initial business combination to November 16, 2022, by depositing $575,000, representing $0.10 per public share[44]. - The Business Combination Agreement with Modulex Modular Buildings Plc involves a merger consideration valued at $600 million[57]. - Upon consummation of the transactions, Modulex securityholders are estimated to own approximately 72.3% of the outstanding Modulex Ordinary Shares[60]. - The company intends to focus on consumer-facing companies with significant Africa presence or potential for its business combinations[208]. - The company plans to leverage its management team's experience and network to identify and acquire opportunities in the consumer products and services sector[62]. - The strategy includes completing a business combination that can benefit from additional capital and access to public securities markets[63]. - The company anticipates structuring initial business combinations to acquire 100% of the equity interests or assets of target businesses, but may also acquire less than 100% under certain conditions[79]. - The company intends to seek acquisition candidates with a total enterprise value between $100 million and $300 million, focusing on strong core businesses with competitive advantages and growth opportunities[65]. Financial Controls and Governance - Management's internal control over financial reporting was also deemed ineffective as of December 31, 2022, due to material weaknesses[127]. - Remediation steps have been implemented to improve internal control, including enhancing the review process for complex securities and considering additional staff with requisite experience[128]. - The board of directors consists of five members, with a structure divided into three classes, each serving a three-year term[142]. - The majority of the board is expected to be independent directors, with regular meetings scheduled for independent directors only[146]. - The company has established an audit committee consisting of three independent members, with Mr. Gordon serving as the chair[150]. - The compensation committee is composed of three independent directors, with Mr. Anih as the chairman, and is responsible for reviewing compensation arrangements related to initial business combinations[153]. Risks and Challenges - The Excise Tax included in the Inflation Reduction Act may decrease the value of the company's securities and hinder its ability to consummate an initial business combination[86]. - The company expects to incur significant costs in pursuit of its acquisition plans and may not be successful in raising capital[106]. - The financial statements indicate substantial doubt about the Company's ability to continue as a going concern if a Business Combination is not completed[193]. - The Company has incurred significant costs in pursuit of financing and acquisition plans, with no assurance of successful business combination within the specified period[225]. Stockholder Information - The founder shares held by initial stockholders represent 20% of the outstanding shares immediately following the completion of the offering[168]. - Global Link Investment LLC holds 4.85% of Class A common stock and 99.44% of Class B common stock, representing approximately 19.1% of the total outstanding common stock[166]. - The holders of founder shares have agreed to vote in favor of any proposed business combination and not to redeem shares in connection with such votes[170]. - The initial stockholders agreed not to transfer Class B common stock until certain conditions are met, including a closing price of $12.00 per share for 20 trading days[174]. Audit and Compliance - The audit fees for MaloneBailey for the year ended December 31, 2022, totaled approximately $42,500, down from $99,000 for the year ended December 31, 2021[180]. - The Company has not paid any fees for tax return services or other services to MaloneBailey for the year ended December 31, 2022[182][183]. - The company has not granted any stock options or long-term incentive awards to executive officers or directors since its formation[161]. Future Outlook - The Company has the option to extend the period to consummate a Business Combination by up to 18 months, subject to additional deposits by the Sponsor[115]. - If the Company fails to complete a business combination by the extended deadline, it will cease operations and liquidate, redeeming public shares at a price based on the trust account balance[222]. - The total possible Business Combination period is 18 months at a total payment value of $575,000 with the underwriters' over-allotment option exercised in full[177].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to______ Commission File Number: 001-40696 PHP Ventures Acquisition Corp. Indicate by check mark whether the registrant (1) has filed all reports required to be filed ...

Financial Performance - The Company had a net loss of $475,551 for the period from January 1, 2022, through March 31, 2022, consisting of an unrealized loss from marketable securities of $3,826 and operating costs of $471,725[103]. - The Company has not engaged in any operations or generated revenues to date, and does not expect to do so until after completing a business combination[101]. Initial Public Offering (IPO) - The Company completed its Initial Public Offering on August 16, 2021, raising gross proceeds of $50,000,000 from the sale of 5,000,000 units at $10.00 per unit, with offering costs amounting to $3,153,369[104]. - An additional 750,000 units were sold on August 19, 2021, generating gross proceeds of $7,500,000, with additional offering costs of $412,500[106]. - The Company incurred transaction costs of $3,565,869 related to the Initial Public Offering and the exercise of the overallotment option[107]. - The underwriter received a cash underwriting fee of 2.0% of gross proceeds, amounting to $1,150,000, plus deferred underwriting commissions of $2,012,500[117]. Financial Position - As of March 31, 2022, the Company had $171,813 in cash and a working capital of $55,999,559, which will be used for identifying and evaluating acquisition candidates[108]. - The Company has no long-term debt or off-balance sheet financing arrangements[114]. - The net proceeds from the Initial Public Offering have been invested in U.S. government treasury bills or money market funds, minimizing exposure to interest rate risk[118]. Business Combination - The Company may extend the time to consummate a business combination up to 18 months by depositing $500,000 for each three-month extension, totaling $1,000,000 if fully exercised[111].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-40696 PHP VENTURES ACQUISITION CORP. (Exact Name of Registrant as Specified in its Charter) Delaware 86-3368971 (State or Other Jurisdiction of Incorporation or Organ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to______ Commission File Number: 001-40696 PHP Ventures Acquisition Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) CT 10-06, Level 10 Corporate Tower Subang Square Jalan SS15/4G Subang Jaya Selangor, Malaysia 47500 (Address of principal executive offices) (Zip Code) (I.R.S. Employer Identification Number) Registrant's telephone number, including area code: +60 3 5888 8485 For the quarterly ...