CDT News

Murphy Canyon Acquisition, a blank check company formed by Presidio Property Trust targeting the real estate industry, raised $115 million by offering 11.5 million units at $10. Each unit consists of one share of common stock and one whole warrant, exercisable at $11.50. The company is led by CEO and Chairman Jack Heilbron, co-founder and CEO of REIT...read more

Murphy Canyon Acquisition, a blank check company formed by Presidio Property Trust targeting the real estate industry, lowered the proposed deal size for its upcoming IPO on Friday. The San Diego, CA-based company now plans to raise $115 million by offering 11.5 million units at $10. The company had previously filed to offer 15 million units earlier this month at the same price. At...read more

Murphy Canyon Acquisition, a blank check company formed by Presidio Property Trust targeting the real estate industry, filed to withdraw its plans for an initial public offering on Wednesday but later clarified that the withdrawal had been made in error. It filed earlier this month to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common...read more

Murphy Canyon Acquisition, a blank check company formed by Presidio Property Trust targeting the real estate industry, filed on Thursday with the SEC to raise up to $150 million in an initial public offering. The San Diego, CA-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and three-quarters of a...read more