secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001493152-22-030970
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315222030970/0001493152-22-030970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315222030970/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-030970

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