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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Alarar Capital Group Securities Adds Underwriting License, Strengthening Global Capital Markets Platform

Alarar Capital Group Securities Adds Underwriting License, Strengthening Global Capital Markets Platform

Alarar Capital Group Securities LLC (“ARC Securities”), a wholly owned subsidiary of Alarar Capital Group, is pleased to announce that it has received approval from the Financial Industry Regulatory Authority (FINRA) to operate as a registered underwriting broker-dealer in the United States. This milestone marks a significant step in ARC Securities’ ongoing expansion of its global capital […]
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