---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-003557"
form_type: "8-K"
ticker: "CDT"
cik: "0001896212"
company_name: "CDT Equity Inc."
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T01:20:47.264183+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-003557
- form_type: 8-K
- ticker: CDT
- cik: 0001896212
- company_name: CDT Equity Inc.
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1896212/000149315223003557/0001493152-23-003557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1896212/000149315223003557/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-003557
- JSON: https://secwatch.observer/filing/0001493152-23-003557.json
- Plain text: https://secwatch.observer/filing/0001493152-23-003557.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1896212/000149315223003557/0001493152-23-003557-index.htm

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