UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

~~August~~September 221, 2023

Date of Report (Date of earliest event reported)

HHG Capital Corporation

(Exact Name of Registrant as Specified in its Charter)

British Virgin Islands

001-40820

n/a

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

1 Commonwealth Lane

#03-20, Singapore

149544

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: +65 6659 1335

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒☐ Written communications pursuant to Rule 425 under the Securities Act ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Units	HHGCU	NASDAQ Capital Market
Ordinary Shares	HHGC	NASDAQ Capital Market
Warrants	HHGCW	NASDAQ Capital Market
Rights	HHGCR	NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

~~IMPORTANT~~Item ~~NOTICES~~1.01 Entry into a Material Definitive Agreement

~~Participants~~As approved by its shareholders at the Annual Meeting of Shareholders on September 21, 2023 (the “Meeting”), HHG Capital Corporation (the “Company” or “HHG”) entered into an amendment (the “Trust Amendment”) to the investment management trust agreement, dated as of September 22, 2021, with Equiniti Trust Company LLC (formerly known as American Stock Transfer & Trust Company) on September 22, 2023. Pursuant to the Trust Amendment, the Company has the right to extend the time to complete a business combination twelve (12) times for an additional one (1) month each time from September 23, 2023, to September 23, 2024, by depositing $0.0333 for each issued and outstanding Company ordinary share issued in the ~~Solicitation~~IPO that has not been redeemed held by shareholders who did not enter into the Waiver Agreement (each, a “non-waiving Public Share”) (or an aggregate of $9,080.20 if there are no redemptions) for each one-month extension.

~~HHG~~Item ~~Capital~~5.03. ~~Corporation,~~Amendments a British Virgin Islands business company (“HHGC”), Perfect Hexagon Group Limited, a British Virgin Islands business company (“PHGL”), and their respective directors, executive officers, employees and other persons may be deemed to beArticles ~~participants in the solicitation~~ of ~~proxies~~Incorporation from the holders of HHGC ordinary shares in respect of the proposed transaction described herein. Information about HHGC’s directors and executive officers and their ownership of HHGC’s ordinary shares is set forth in HHGC’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “Form 10-K”) and the final prospectus dated September 21, 2021 (the “Prospectus”) filed with the Securities and Exchange Commission (the “SEC”) in connection with the initial public offering of HHGC, as modified or ~~supplemented~~Bylaws; byChange ~~any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants~~ in ~~the~~Fiscal ~~proxy solicitation will be included in the proxy statement pertaining to the proposed transaction when it becomes available~~Year. ~~These documents can be obtained free of charge from the sources indicated below.~~

~~Additional~~As ~~Information~~approved by its shareholders at the Meeting on September 21, 2023, the Company filed an amended and ~~Where~~restated Tomemorandum ~~Find~~and Itarticles of association on September 21, 2023 (the “Charter Amendment”), giving the Company the right to extend the date by which it has to complete a business combination up to twelve (12) times for an additional one (1) month each time, from September 23, 2023 to September 23, 2024, and expanding the methods that the Company may employ to not become subject to the “penny stock” rules of the Securities and Exchange Commission.

InItem connection with the proposed transactions described herein, HHGC and Perfect Hexagon Holdings Limited , a Cayman Islands exempted company and wholly owned subsidiary of HHGC (“Purchaser”), will file relevant materials with the SEC, including a registration statement on Form F-4 (the “Registration Statement”), which Registration Statement will also include a proxy statement of HHGC5. Promptly after the Registration Statement is declared effective, HHGC will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the proposed transaction07. ~~INVESTORS~~Submission AND SECURITYHOLDERS OF HHGC ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT HHGC WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT HHGC, PHGL AND THE PROPOSED TRANSACTION. The Registration Statement, definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the proposed transaction (when they become available), and any other documents filed by HHGC with the SEC, may be obtained free of ~~charge~~Matters ~~at the SEC’s website (www.sec.gov) or by writing~~ to ~~HHG~~a ~~Capital~~Vote ~~Corporation, 1~~of ~~Commonwealth~~Security ~~Lane, #03-20, Singapore, 149544~~Holders.

NoOn ~~Offer~~September 21, 2023, the Company held the Meeting. As of August 23, 2023, the record date for the Meeting, there were 5,083,406 ordinary shares entitled to vote at the Meeting. There were 4,812,684 ordinary shares present at Meeting in person or ~~Solicitation~~represented by proxy, which was 94.67% of the total outstanding shares.

~~This~~The ~~Current~~final ~~Report~~results onfor ~~Form~~each ~~8-K~~of ~~shall not constitute an offer to sell or~~ the ~~solicitation~~matters ofsubmitted ~~an offer~~ to ~~buy~~a ~~any~~vote ~~securities, nor shall there be any sale~~ of ~~securities~~HHG’s inshareholders ~~any~~at ~~jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under~~ the ~~securities~~Meeting ~~laws~~are ofas ~~any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.~~follows:

1.	Charter Amendment

Shareholders approved the proposal to amend the Company’s amended and restated memorandum and articles of association, giving HHG the right to extend the date by which it has to complete a business combination twelve (12) times for an additional one (1) month each time, from September 23, 2023 to September 23, 2024. Approval of the Charter Amendment required the affirmative vote of a majority of the shares present in person or by proxy and entitled to vote. The voting results were as follows:

FOR		AGAINST		ABSTAIN		BROKER NON-VOTES
4,812,684		0		0		0

2.	Trust Amendment

Shareholders approved the proposal to amend the Company’s investment management trust agreement, dated as of September 20, 2022, by and between the Company and Equiniti Trust Company LLC (formerly known as American Stock Transfer & Trust Company) to allow the Company to extend the time it has to complete a business combination twelve (12) times for an additional one (1) month each time from September 23, 2023, to September 23, 2024 by depositing into the trust account $0.0333 for each non-waiving Public Share that has not been redeemed (or an aggregate of $9,080.20 if there are no redemptions) for each one-month extension. Adoption of the amendment required approval by the affirmative vote of holders of at least 65% of the outstanding shares present is required to approve the Trust Amendment. The voting results were as follows:

FOR		AGAINST		ABSTAIN		BROKER NON-VOTES
4,812,684		0		0		0

~~Forward-Looking Statements~~3. The NTA Requirement Proposal

~~This~~Shareholders ~~Current~~approved ~~Report~~the onproposal ~~Form~~to ~~8-K~~amend ~~and~~ the ~~documents~~Charter ~~incorporated~~to byexpand ~~reference herein (this “Current Report”) contain certain “forward-looking statements” within~~ the ~~meaning~~methods ofthat ~~“safe harbor” provisions of~~ the ~~Private~~Company ~~Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “target,” “believe,” “expect,” “will,” “shall,” “~~may,” ~~“anticipate,”~~employ ~~“estimate,”~~to ~~“would,” “positioned,” “future,” “forecast,” “intend,” “plan,” “project” and other similar expressions that predict or indicate future events or trends or that are~~ not ~~statements~~become ofsubject ~~historical~~to ~~matters. Examples of forward-looking statements include, among others, statements made in this Current Report regarding~~ the ~~proposed transactions (the~~ “~~Merger”) contemplated~~penny ~~by the Agreement and Plan of Merger (the “Merger Agreement~~stock”) ~~among~~rules HHGC, Purchaser, Perfect Acquisitions Limited (“Merger Sub”), and PHGL, integration plans, expected synergies and revenue opportunities, anticipated future financial and operating performance and results, including estimates for growth, the expected management and governance of the ~~combined~~Securities ~~company~~ and ~~the~~Exchange ~~expected timing of the Merger~~Commission. ~~Forward-looking~~Approval ~~statements are neither historical facts nor assurances~~ of ~~future performance. Instead, they are based only on HHGC and PHGL managements’ current beliefs, expectations and assumptions. Because forward-looking statements relate to~~ the ~~future,~~NTA ~~they~~Requirement ~~are~~Proposal subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results and outcomes to differ materially from those indicated in the forward-looking statements include, among others, the following: (1) the occurrence of any event that could give rise to the termination of the Merger Agreement; (2) the outcome of any legal proceedings that may be instituted against HHGC, the combined company, or others following the announcement of the Merger and the Merger Agreement; (3) the inability to complete the Merger, including due to the failure to obtain approval of HHGC’s shareholders or to satisfy other conditions to closing in the Merger Agreement; (4) the amount of redemption requests made by HHGC’s shareholders; (5) changes to the proposed structure of the Merger that may be required ~~or appropriate as a result of applicable laws; (6)~~ the ~~ability~~affirmative ~~to meet Nasdaq listing standards following~~vote ~~the consummation~~ of ~~the Merger; (7) the risk that the Merger disrupts current plans and operations of PHGL as~~ a ~~result~~majority of the ~~announcement and~~shares ~~consummation~~present of the Merger; (8) the ability to recognize the anticipated benefits of the Merger, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with third parties and partners and retain its management and key employees; (9) costs related to the Merger; (10) changes in ~~applicable~~person ~~laws~~ or ~~regulations;~~ ~~(11) the possibility that PHGL or the combined company may be adversely affected~~ by ~~other~~proxy ~~economic, business, regulatory,~~ and~~/or~~ ~~competitive~~entitled factors; (12) the availability of capital and PHGL estimates of expenses; (13) changes in the assumptions underlying PHGL’s expectations regarding its future business or business model; and (14) other risks and uncertainties set forth in the Registration Statement to bevote. ~~filed~~The byvoting ~~HHGC~~results ~~with~~were ~~the~~as ~~SEC in connection with the Merger, including those under “Risk Factors” therein, and other documents filed or to be filed from time to time with the SEC by HHGC.~~follows:

A further list and description of risks and uncertainties can be found in the Form 10-K and in the Registration Statement that will be filed with the SEC by HHGC in connection with the proposed transaction, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Any forward-looking statement made by us in this Current Report is based only on information currently available to HHGC and PHGL and speaks only as of the date on which it is made. HHGC and PHGL undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

FOR		AGAINST		ABSTAIN		BROKER NON-VOTES
4,812,684		0		0		0

~~Item 1~~4.~~01.~~ ~~Entry~~Election ~~Into~~of ~~a Material Definitive Agreement~~Directors

~~The~~Shareholders ~~Merger~~elected ~~Agreement~~all of the five nominees for directors to serve until the next annual meeting of shareholders. The voting results were as follows:

On August 2, 2022, HHG Capital Corporation, a Delaware corporation (“HHGC” or “Parent”), entered into an agreement and plan of merger (the “Merger Agreement”) with Perfect Hexagon Holdings Limited, a British Virgin Islands business company and wholly owned subsidiary of the Parent (“Purchaser”), Perfect Acquisitions Limited, a British Virgin Islands business company and wholly owned subsidiary of Purchaser (“Merger Sub”), and Perfect Hexagon Group Limited, a British Virgin Islands business company (the “Company” or “PHGL”). Upon the closing of the transactions contemplated by the Merger Agreement, (a) HHGC will be merged with and into Purchaser (the “Reincorporation Merger”), with Purchaser surviving the Reincorporation Merger, and (b) Merger Sub will be merged with and into the Company (the “Acquisition Merger”), with the Company surviving the Acquisition Merger as a direct wholly owned subsidiary of Purchaser (collectively, the “Merger” or the “Business Combination”). Following the Business Combination, Purchaser will be a publicly traded company listed on a stock exchange in the United States. Capitalized terms used and not otherwise defined herein shall have the meanings given such terms in the Merger Agreement.

	FOR		WITHHELD		BROKER NON-VOTE
Chee Shiong (Keith) Kok		4,812,684		0		0
Kym Hau		4,812,684		0		0
Hock Lye Benjamin Ho		4,812,684		0		0
Weiyi Di		4,812,684		0		0
Tzu Fei (Philip) Ting		4,812,684		0		0

34. Auditor Ratification

~~Consideration~~Shareholders approved the proposal to ratify the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2023. Approval of the Auditor Ratification Proposal required the affirmative vote of a majority of the shares present in person or by proxy and entitled to vote. The voting results were as follows:

Pursuant to the terms of the Merger Agreement, the aggregate consideration to be paid at the closing of the Business Combination to existing shareholders of the Company is $990,000,000 (the “Merger Consideration”), which will be paid in 99,000,000 newly issued ordinary shares of the Purchaser at a deemed price of $10.00 per share.

FOR		AGAINST		ABSTAIN		BROKER NON-VOTES
4,812,684		0		0		0

~~The~~Item ~~Closing~~8.01 Other Events

~~The~~In ~~parties~~connection ~~have~~with ~~agreed~~the ~~that~~shareholders vote at the ~~closing~~Meeting, of32,845 ordinary shares were tendered for redemption. On September 22, 2023, the ~~Business~~Company ~~Combination~~deposited ~~shall~~to ~~occur~~the notrust ~~later~~account $7,985.40 ~~than~~and ~~December~~extended 31the amount of time it has available to complete a business combination from September 23, 2023 ~~(the~~to ~~“Outside~~October ~~Date”).~~23, ~~The~~2023. ~~Outside~~Following ~~Date~~such ~~may~~redemptions beand ~~extended~~the ~~upon~~deposit of the ~~written~~extension ~~agreement~~payment described above, the amount of funds remaining in the ~~parties~~trust account is approximately $35,262,117.78 .

Representations and Warranties

In the Merger Agreement, the Company and its subsidiaries make certain representations and warranties (with certain exceptions set forth in the disclosure schedule to the Merger Agreement) relating to, among other things: (a) proper corporate existence and power of the Company and its subsidiaries and similar corporate matters; (b) authorization, execution, delivery and enforceability of the Merger Agreement and other transaction documents; (c) no need for governmental authorization for the execution, delivery or performance of the Merger Agreement and additional agreements thereto (the “Additional Agreements”); (d) absence of conflicts; (e) capital structure; (f) accuracy of the list of each subsidiary of the Company; (g) accuracy of corporate records of the Company and its subsidiaries; (h) required consents and approvals; (i) financial information; (j) books and records and internal accounting controls; (k) absence of certain changes or events; (l) title to assets and properties; (m) litigation threatened against or affecting the Company and its subsidiaries ; (n) material contracts; (o) material licenses and permits; (p) compliance with laws; (q) intellectual property; (r) customers and suppliers; (s) accounts receivable and payable and loans; (t) employee benefits; (u) employee and labor matters; (v) withholding of obligations of the Company and its subsidiaries applicable to its employees; (w) real property; (x) tax matters; (y) environmental laws; (z) finders fees; (aa) powers of attorney and suretyships; (bb) directors and officers; (cc) international trade matters and anti-bribery compliance; (dd) that the Company is not an investment company; (ee) insurance; and (ff) affiliate transactions.

In the Merger Agreement, Parent, Purchaser and Merger Sub (collectively with Parent and Purchaser, the “Parent Parties”) make certain representations and warranties relating to, among other things: (a) proper corporate existence and power; (b) authorization, execution, delivery and enforceability of the Merger Agreement and other transaction documents; (c) no need for governmental authorization for the execution, delivery or performance of the Merger Agreement and Additional Agreements; (d) absence of conflicts; (e) finders fees; (f) issuance of merger consideration shares; (g) capital structure; (h) information supplied; (i) minimum trust fund amount; (j) validity of Nasdaq Stock Market listing; (k) that Parent is a publicly-held company subject to reporting obligations; (l) board approval; (m) SEC filing requirements and financial statements; (n) litigation threatened against or affecting the Parent Group; (o) compliance with money laundering laws; (p) OFAC-related representations and warranties; (q) that Parent is not an investment company; and (r) tax matters.

Conduct Prior to Closing; Covenants Pending Closing

Each of PHGL and Parent has agreed to, and cause its subsidiaries to, operate its respective business in the ordinary course, consistent with past practice, prior to the closing of the transactions (with certain exceptions) and not to take certain specified actions without the prior written consent of the other party.

The Merger Agreement also contains customary closing covenants.

General Conditions to Closing

Consummation of the Merger Agreement and the Business Combination is conditioned on, among other things, (a) no provisions of any applicable law and no order prohibiting or preventing the consummation of the closing; (b) there not being any action brought by a United States or non-United States government entity, body or authority to enjoin or otherwise restrict the consummation of the closing; (c) all consents, approvals and filings with and notices to any United States or non-United States government entity, body or authority required to consummate the transactions contemplated by the Merger Agreement shall have been made or obtained; (d) the Merger Agreement, each of the Additional Agreements and the transactions contemplated thereby, having been duly authorized and approved by the shareholders of the Company; (e) the Merger Agreement, each of the Additional Agreements and the transactions contemplated thereby, having been duly authorized and approved by the shareholders of Purchaser; (f) all required filings under any applicable anti-trust laws shall have been made and any applicable waiting period shall have been completed; (g) as of the closing, the Purchaser shall have at least $5,000,001 in net tangible assets; (h) the initial listing application with Nasdaq in connection with the transactions contemplated by the Merger Agreement having been conditionally approved, the Company having satisfied any applicable initial and continuing listing requirements of Nasdaq, the Company having not received any notice of noncompliance therewith, and the shares issued as Merger Consideration having been approved for listing on Nasdaq; (i) the SEC having declared the Registration Statement effective, and no stop order suspending the effectiveness of the Registration Statement or any part thereof having been issued; and (j) the Reincorporation Merger having been consummated and the applicable certificates having been filed in the appropriate jurisdictions.

Parent Parties’ Conditions to Closing

The obligations of the Parent Parties to consummate the transactions contemplated by the Merger Agreement, in addition to the conditions described above in the first paragraph of this section, are, subject to waiver by the Parent Parties, conditioned upon each of the following, among other things: (a) the Company and its subsidiaries having complied with all of the obligations under the Merger Agreement in all material respects; (b) the representations and warranties of the Company and its subsidiaries being true on and as of the date of the Merger Agreement and closing date of the transactions in all material respects; (c) there having been no material adverse effect to the Company and its subsidiaries; (d) the Company having delivered an officer’s certificate as to the accuracy of (a)-(c) of this paragraph; (e) the Parent Parties having received duly executed opinions from the Company’s British Virgin Islands counsel in form and substance reasonably satisfactory to the Parent Parties; (f) executed copies of the Additional Agreements to which the Company is a party; (g) the Parent Parties having received copies of third party consents; (h) certain assets having been legally transferred to the Company or a subsidiary; and (j) the Company having completed a reorganization.

The Company’s Conditions to Closing

The obligations of the Company to consummate the transactions contemplated by the Merger Agreement, in addition to the conditions described above in the first paragraph of this section, are, subject to waiver by the Company, conditioned upon each of the following, among other things: (a) the Parent Parties complying with all of their obligations under the Merger Agreement in all material respects; (b) the representations and warranties of the Parent Parties being true on and as of the date of the Merger Agreement and closing date of the transactions in all material respects; (c) there having been no material adverse effect to the Parent Parties; (d) the Parent Parties shall have delivered an officer’s certificate as to the accuracy of (a)-(c) of this paragraph; (e) the Parent Parties shall have delivered a secretary’s certificate attaching true, correct and complete copies of (i) the organizational documents of the Purchaser, (ii) copies of resolutions duly adopted by the board of directors of the Parent Parties authorizing the Merger Agreement, each of the Additional Agreements and the transactions contemplated thereby, and confirmation of the same having been duly authorized and approved by the shareholders of Purchaser; and (iii) a recent certificate of good standing of the Purchaser; and (f) executed copies of the Additional Agreements to which the Parent Parties are a party.

Board of Directors of Surviving Corporation

Pursuant to the terms of the Merger Agreement, immediately after the closing, the Purchaser’s board of directors shall consist of five directors, of whom one individual will be designated by Parent and of whom four individuals will be designated by the Company. At least three of the four Company designees shall be deemed independent in accordance with Nasdaq requirements.

Termination

The Merger Agreement may be terminated and/or abandoned at any time prior to the closing by:

● mutual written consent of the Parent and the Company duly authorized by each of their respective boards of directors; ● each party if (a) on or after the Outside Date, if the Merger shall not have been consummated prior to the Outside Date; provided, however, that if an Extension Amendment shall be in effect, the Outside Date shall be the Extension Date, provided that no material breach of the Merger Agreement by the party seeking to terminate the Merger Agreement shall have occurred or have been made; (b) if any Order having the effect set forth in Section 9.1 of the Merger Agreement shall be in effect and shall have become final and non-appealable; provided, however, that such Order was not due to such party’s breach of or failure to perform any of its representations, warranties, covenants or agreements set forth in the Merger Agreement; or (c) if any of the Parent Shareholder Approval Matters shall fail to receive the Required Parent Shareholder Approval for approval at the Parent Shareholder Meeting; ● each party if a governmental authority shall have issued an order or enacted a law having the effect of permanently restraining, enjoining or otherwise prohibiting either the Redomestication Merger or the Acquisition Merger, which order or law is final and non-appealable, the Parent Parties or the Company shall have the right, at its sole option, to terminate without liability to the other party, provided that no material breach of the Merger Agreement by the party seeking to terminate the Merger Agreement shall have occurred or have been made; ● the Parent, if (a) any of the representations or warranties of the Company shall not be true and correct, or if the Company has failed to perform any covenant or agreement which, if capable of being cured is not cured (or waived by the Parent Parties) by the earlier of (i) the Outside Date or (ii) 20 days after written notice thereof is delivered to the Company, provided that the Parent Parties are not in breach of the Merger Agreement at such time, or (b) if the Requisite Company Vote shall not have been obtained within five (5) Business Days of the delivery to Parent shareholders of the Proxy Statement; ● the Company, if any of the representations or warranties of the Parent Parties shall not be true and correct, or if the Parent Parties has failed to perform any covenant or agreement which, if capable of being cured is not cured (or waived by the Parent Parties) by the earlier of (i) the Outside Date or (ii) 20 days after written notice thereof is delivered to the Company, provided that the Parent Parties are not in breach of the Merger Agreement at such time.

The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the actual Merger Agreement, which is filed as Exhibit 2.1 hereto and incorporated by reference herein.

Additional Agreements at the Signing of the Merger Agreement

Sponsor Support Agreement

Contemporaneously with the execution of the Merger Agreement, certain holders of HHGC ordinary shares entered into a support agreement (the “Sponsor Support Agreement”), pursuant to which such holders agreed to, among other things, approve the Merger Agreement and the proposed Business Combination.

The foregoing description of the Sponsor Support Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the actual agreement, a copy of which is included as Exhibit B to the Merger Agreement and Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

Additional Agreements to be Executed at Closing

Amended and Restated Registration Rights Agreement

At the closing of the Business Combination, parties will enter into an amended and restated registration rights agreement (the “Registration Rights Agreement”), which provides certain demand registration rights and piggyback registration rights to the securityholders. Purchaser will agree to pay certain fees and expenses relating to registrations under the Registration Rights Agreement.

The foregoing description of the Registration Rights Agreement is qualified in its entirety by reference to the full text of the form of Registration Rights Agreement, a copy of which is included as Exhibit C to the Merger Agreement and Exhibit 10.2 to this Current Report on Form 8-K, and is incorporated herein by reference.

Lock-Up Agreements

At the closing of the Business Combination, certain holders of Company ordinary shares will execute lock-up agreements (the “Lock-up Agreements”). Pursuant to the Lock-Up Agreements such holders shall agree, subject to certain customary exceptions, not to (i) sell, offer to sell, contract or agree to sell, pledge or otherwise dispose of, directly or indirectly, any Purchaser ordinary shares held by them (such shares, together with any securities convertible into or exchangeable for or representing the rights to receive Purchaser ordinary shares if any, acquired during the Lock-Up Period (as defined below), are collectively referred to as the “Lock-up Shares”), (ii) enter into a transaction that would have the same effect, (iii) enter into any swap, hedge or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Lock-Up Shares or otherwise or engage in any short sales or other arrangement with respect to the Lock-Up Shares or (iv) publicly announce any intention to effect any transaction specified in clause (i) or (ii), in each case until the date that is twelve (12) months after the closing date of the Business Combination (the “Lock-Up Period”).

The foregoing description of the Lock-Up Agreements does not purport to be complete and is qualified in its entirety by the terms and conditions of the actual agreements, a form of which is included as Exhibit D to the Merger Agreement and Exhibit 10.3 to this Current Report on Form 8-K, and is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure

On August 3, 2023, HHGC and PHGL issued a press release announcing the execution of the Merger Agreement. Attached hereto as Exhibit 99.1 and incorporated into this Item 7.01 by reference is the copy of the press release.

The information in this Item 7.01 (including Exhibit 99.1) is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Exchange Act , or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01. Financial Statements and Exhibits

Exhibit No.		Description
2.1*		Merger Agreement dated August 2, 2023 by and between HHGC, Purchaser, Merger Sub, and PHGL.
10.1		Sponsor Support Agreement dated August 2, 2023 by and among HHGC and certain holders of HHGC ordinary shares..
10.2		Form of Registration Rights Agreement.
10.3		Form of Lock-Up Agreement
99.1		Press Release dated August 3, 2023.
104		Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit)

* Schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The registrant hereby undertakes to furnish copies of any of the omitted schedules and exhibits upon request by the U.S. Securities and Exchange Commission.

Exhibit No.		Description

1.1		Amendment to the investment management trust agreement, dated as of September 22, 2023, with Equiniti Trust Company LLC (formerly known as American Stock Transfer & Trust Company)
3.1		Amended and restated memorandum and articles of association of HHG Capital Corporation, dated September 21, 2023
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 4, 2023	HHG Capital Corporation
Dated: September 25, 2023
	HHG Capital Corporation
	By:	/s/ Chee Shiong (Keith) Kok
	Name:	Chee Shiong (Keith) Kok
	Title:	Chief Executive Officer

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