{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-006987","form_type":"8-K","ticker":"SQFT","cik":"0001080657","company_name":"Presidio Property Trust, Inc.","filed_at":"2023-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.803304+00:00","generated_at":"2026-06-18T08:13:10.940584+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Presidio SPAC sponsor issues up to $1.5M promissory note to extend business combination deadline to Feb 2024","bullets":["Murphy Canyon Acquisition Corp. issued up to $1.5M promissory note to its sponsor, a Presidio subsidiary.","Note bears no interest; initial draw of $300,000 on March 7, 2023 to fund trust account and expenses.","SPAC's termination date for initial business combination extended from Feb 7, 2023 to Feb 7, 2024 on month-to-month basis.","Note repayable upon consummation of business combination or winding up of SPAC.","SPAC is controlled by Presidio due to equity ownership and overlapping officers/directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-006987","json":"https://secwatch.observer/filing/0001493152-23-006987.json","markdown":"https://secwatch.observer/filing/0001493152-23-006987.md","text":"https://secwatch.observer/filing/0001493152-23-006987.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1080657/000149315223006987/0001493152-23-006987-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1080657/000149315223006987/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T08:13:10.940584+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"47201a543dc54c964198d62142478151253b1e10","claim":"Presidio Property Trust, Inc. entered into Note with Murphy Canyon Acquisition Sponsor, LLC valued at $1,500,000 (effective 2023-03-07).","evidence_excerpt":"On March 7, 2023, Murphy Canyon Acquisition Corp. (the “SPAC”) issued a promissory note (the “Note”) in the principal amount of up to $1,500,000 to Murphy Canyon Acquisition Sponsor, LLC (the “Sponsor”), a wholly owned subsidiary of Presidio Property Trust, Inc. (the “Company”) which serves as the sponsor for the SPAC, in connection with the extension of the termination date for the SPAC’s initial business combination (the “Initial Business Combination”) from February 7, 2023, to February 7, 2024, on a month-to-month basis.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1080657/000149315223006987/0001493152-23-006987-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Murphy Canyon Acquisition Sponsor, LLC"},{"label":"Value","value":"$1,500,000"},{"label":"Effective","value":"2023-03-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}