Murphy Canyon SPAC extends business combination deadline to Feb 2024; over 11M shares redeemed

CDT Equity Inc.

Stockholders approved charter amendment extending deadline from Feb 7, 2023 to Feb 7, 2024 on month-to-month basis.
11,037,272 shares of common stock were tendered for redemption at the January 26, 2023 special meeting.
Charter amendment also expands methods to avoid SEC penny stock rules.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CDT Equity Inc.: Amended charter to extend business combination deadline from February 7, 2023 to February 7, 2024 on a month-to-month basis and expand methods to avoid penny stock rules (effective 2023-02-02).

Change: charter amendment
Effective: 2023-02-02

Exact text from the filing

filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on February 2, 2023 (the “Charter Amendment”), to (i) give the Company the right to extend the date by which the Company has to consummate a business combination from February 7, 2023, to February 7, 2024, on a month-to-month basis, and (ii) expand the methods that the Company may employ to not become subject to the “penny stock” rules of the Securities and Exchange Commission.

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42 governance changes filed in the last 30 days. Browse all governance changes →

CDT Equity Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-003557

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