Firm securities attorneys, led by partner Andy Tucker and associate Sydney Hamer, closed an initial public offering (IPO) of $57.5 million on August 16. The two represented PHP Ventures Acquisition Corp., acting as issuer's counsel. The offering is 5.75 million units at $10 per unit, which was listed on the Nasdaq Capital Market, beginning on August 12, under the ticker symbol "PPHPU." Each unit consists of one share of the Company's Class A common stock; one half of one redeemable warrant; and one right to acquire one-tenth of one share of Class A common stock.

PHP is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger. The SPAC focuses on consumer-facing companies with a significant Africa presence or a cogent Africa potential. 

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Established in 1897, Nelson Mullins is an AmLaw 100 firm that has more than 800 attorneys and government relations professionals with offices in 11 states and Washington, DC. For more information on the firm, go to www.nelsonmullins.com.