Paul Tudor Jones sees potential market rally after late October
PHP Ventures Acquisition Corp. (formerly NASDAQ:PPHPU) announced it has deposited $4,770.70 into its trust account to extend the deadline for completing an initial business combination by one month, from September 16, 2025 to October 16, 2025. The company made the announcement in a statement filed with the Securities and Exchange Commission. For investors tracking SPAC opportunities, InvestingPro offers comprehensive SPAC analysis tools and merger tracking capabilities to help evaluate potential business combinations.
According to the filing, the deposit was made to provide additional time for the company to finalize a potential merger or acquisition. PHP Ventures Acquisition Corp. is a Delaware-incorporated blank check company. The extension allows the company to continue its efforts to identify and consummate a business combination. Investors can access detailed SPAC research and merger analysis through InvestingPro’s extensive database of over 1,400 companies, including comprehensive Pro Research Reports that transform complex Wall Street data into actionable intelligence.
The company was previously suspended from trading on Nasdaq on April 19, 2024, and a Form 25 was filed on June 28, 2024, according to the SEC filing. As of the date of the report, PHP Ventures Acquisition Corp. remains an emerging growth company as defined under applicable securities regulations.
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, ON Semiconductor’s financial performance continues to be a focal point for analysts. The company reported revenue that exceeded expectations by approximately $17 million, with earnings aligning with consensus estimates. Despite these positive results, Rosenblatt lowered its price target for ON Semiconductor from $55 to $50, maintaining a Neutral rating. The decision was influenced by the company’s forecast of slightly lower non-GAAP gross margins for the upcoming quarter. Meanwhile, TD Cowen also adjusted its price target down to $55 from $68, citing specific challenges and concerns over stagnant gross margins. Benchmark, however, raised its price target for ON Semiconductor from $50 to $60, maintaining a Buy rating, and noted stabilization across the company’s end markets. In other developments, PHP Ventures Acquisition Corp. deposited $4,770.70 to extend its merger deadline by one month, with plans to seek stockholder approval for a further extension. The company has filed a preliminary proxy statement with the SEC regarding this extension.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.