secwatch.observer — SEC 8-K summary
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Issuer:     CDT Equity Inc. (CDT)
CIK:        0001896212
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001493152-22-032104
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Murphy Canyon SPAC to merge with Conduit Pharmaceuticals at $650M enterprise value
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- Deal consideration $650 million payable in 65 million MURF shares valued at $10.00 each.
- Conduit shareholders to receive MURF Class A common stock; MURF to rename 'Conduit Pharmaceuticals Inc.'
- PIPE of $27 million from private investor at $10.00/unit, each unit one share plus one warrant.
- Closing expected Q1 2023 subject to stockholder approvals and minimum $27M cash condition.
- Sponsor support agreement secured; lock-up agreements for certain Conduit shareholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1896212/000149315222032104/0001493152-22-032104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1896212/000149315222032104/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-032104

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