Modulex Modular Buildings to go public via a SPAC merger with PHP Ventures Acquisition in a $682m deal.

Modulex Modular Buildings, a manufacturer of modular buildings, agreed to go public via a SPAC merger with PHP Ventures Acquisition in a $682m deal. “This transaction highlights the immense value investors see in Modulex when comparing our numbers with those of our competitors in the global construction technology markets. We have both a solid foundation and a clear roadmap to expand our model. This transaction will propel us to take our British offsite steel modular building technology global to cater to rising demand in growth markets such as India and other BRICS and N11 nations and continue building our staff to further these efforts along," Suchit Punnose, Modulex CEO and Founder.