---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-030970"
form_type: "8-K"
ticker: "SQFT"
cik: "0001080657"
company_name: "Presidio Property Trust, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T02:48:16.834001+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Presidio-sponsored SPAC Murphy Canyon to merge with Conduit Pharmaceuticals; CFO to join combined co.

## Summary
- Definitive business combination agreement between Murphy Canyon Acquisition Corp. (sponsored by Presidio) and Conduit Pharmaceuticals; combined co. to list as CDT on Nasdaq.
- Pro forma enterprise value ~$700.49M; up to $136.04M cash from Murphy trust; $27M PIPE investment anchored by new and existing Conduit investors.
- Closing expected Q1 2023, subject to stockholder approvals; existing Conduit shareholders to own ~76.48% of pro forma combined co.
- Presidio CFO Adam Sragovicz to resign upon closing and become CFO of the combined company.

## SEC filing metadata
- accession: 0001493152-22-030970
- form_type: 8-K
- ticker: SQFT
- cik: 0001080657
- company_name: Presidio Property Trust, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080657/000149315222030970/0001493152-22-030970-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080657/000149315222030970/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-030970
- JSON: https://secwatch.observer/filing/0001493152-22-030970.json
- Plain text: https://secwatch.observer/filing/0001493152-22-030970.txt

## Key facts
- Executive change
  Adam Sragovicz departed as Chief Financial Officer at Presidio Property Trust, Inc..
  - Action: resign
  - Role: Chief Financial Officer
  source text: Adam Sragovicz, the Chief Financial Officer of Presidio Property Trust, Inc. (the “Company”), is expected to resign from all positions with the Company upon the closing of the business combination transaction and join the combined company as its Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080657/000149315222030970/0001493152-22-030970-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.