NEW YORK, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Modulex Modular Buildings Plc ("Modulex"), a UK-based, globally focused "ConstrucTech" manufacturer of modular buildings today announced that it has filed a registration statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission ("SEC") on September 27, 2023 relating to its previously announced proposed business combination (the "Business Combination") with PHP Ventures Acquisition Corp. (NASDAQ: PPHP) a publicly traded special purpose acquisition company ("PHP"). The Registration Statement contains a preliminary proxy statement/prospectus in connection with the Business Combination.
Modulex is a cutting-edge, UK-headquartered "ConstrucTech" company offering Carbon Net Zero certified, advanced 3D volumetric steel modular buildings embedded with EmergingTech such as AI, Blockchain and IoT, and Modular Buildings 2.0, which allows for fast optimized design in minutes, traceable quality assurance, live monitoring utilizing IoT, and certified carbon net zero buildings. The application of Modulex's technology shortens design and construction time, provides high quality construction, lowers construction and maintenance costs, and meets the highest building standards. Modulex building structures are extremely airtight and ensure energy efficiency and they are fully mortgageable.
Modulex is currently building the world's largest steel modular buildings factory in India, a MegaFactory to supply into the UK, EU, US, and Indian market. The MegaFactory will feature a 40-acre manufacturing facility 280 km from Mumbai, functioning as a manufacturing cluster producing fully fitted steel modular buildings, bathroom pods, doors, and windows and will be ISO 9000, 14000, 31000 and 26000 certified and fully ESG compliant, will harvest rain to recycle water, and the site is equipped with solar panels and organic farm food for the workers. With an initial annual capacity of 300,000 square meters (scalable to 1.2 mil. sq. m.) to enable volume to the supply chain to directly impact the shortage of affordable housing and other infrastructure requirements.
On December 8, 2022, PHP entered into a definitive agreement for a business combination with Modulex (the "Business Combination Agreement"). The combined company is expected to be listed on the Nasdaq upon completion of the transaction. The transaction is subject to approval by PHP's stockholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions.
紐約，2023年9月27日（GLOBE NEWSWIRE）——總部位於英國、專注於全球的 “ConstrucTech” 模塊化建築公司（“Modulex”）今天宣佈，它已於2023年9月27日向美國證券交易委員會（“SEC”）提交了與其先前宣佈的擬議業務合併（“業務合併”）有關的S-4表格（“註冊聲明”）的註冊聲明）與上市特殊目的收購公司PHP Ventures Acquisition Corp.（納斯達克股票代碼：PPHP）（“PHP”）合併。註冊聲明包含與企業合併有關的初步委託書/招股說明書。
Modulex是一家總部位於英國的尖端 “Constructech” 公司，提供經過碳淨零認證、嵌入了人工智能、區塊鏈和物聯網等EmergingTech的先進3D體積鋼模塊化建築，以及模塊化建築2.0，後者允許在幾分鐘內快速優化設計、可追溯的質量保證、利用物聯網進行實時監控，以及經過認證的碳淨零建築。Modulex技術的應用縮短了設計和施工時間，提供了高質量的施工，降低了施工和維護成本，並符合最高的建築標準。Modulex 建築結構非常密閉，可確保能源效率，並且完全可以抵押。
Modulex目前正在印度建造世界上最大的鋼結構模塊化建築工廠，即MegaFactory 供應英國、歐盟、美國和印度市場。超級工廠 將擁有一座佔地40英畝的製造工廠，距離孟買280公里，作爲生產設備齊全的鋼製模塊化建築、浴室艙、門窗的製造集羣，並將通過ISO 9000、14000、31000和26000認證，完全符合ESG標準，將收穫雨水來回收水，該場地爲工人配備太陽能電池板和有機農場食品。初始年產能爲30萬平方米（可擴展至120萬平方米），使供應鏈的產量能夠直接影響經濟適用房的短缺和其他基礎設施需求。
2022年12月8日，PHP與Modulex簽訂了業務合併的最終協議（“業務合併協議”）。合併後的公司預計將在交易完成後在納斯達克上市。該交易需要獲得PHP股東的批准，美國證券交易委員會宣佈註冊聲明生效，以及其他慣例成交條件。
