PHP Ventures Acquisition Corp. operates as a special purpose acquisition company, established with the goal of executing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or a comparable business combination with one or more enterprises. The company initially concentrated on identifying consumer-oriented businesses, particularly those with a significant market presence or growth potential within Africa. Since its incorporation in Delaware in 2021, the entity has entered into a definitive agreement for a business combination with Modulex Modular Buildings Plc, a firm specializing in modular construction. Although it previously traded on Nasdaq, its securities were delisted from the exchange in mid-2024, with plans to transition to over-the-counter trading. PHP Ventures Acquisition Corp. has consistently extended its deadline for completing an initial business combination, with recent deposits made to prolong this period through December 2025. It maintains its headquarters in New York.