---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-032446"
form_type: "8-K"
ticker: "CDT"
cik: "0001896212"
company_name: "CDT Equity Inc."
filed_at: "2023-09-13T23:59:59+00:00"
generated_at: "2026-06-10T19:30:21.847676+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Murphy Canyon cuts PIPE to $20M, postpones shareholder meeting, faces Strand litigation

## Summary
- Private Placement reduced from $27M to $20M; Nirland Limited commits $20M at $10/unit (share + warrant).
- Strand Hanson filed UK claim against Conduit for $2M advisory fee plus 6.5M shares; Conduit disputes.
- Special meeting postponed to Sept 20, 2023; redemption deadline extended to Sept 18, 2023.
- Pro forma impact: cash reduced by $7M, shares outstanding down to 74.5M (no-redemption scenario).
- St George Street sold 78 Conduit shares to Nirland; will hold ~7.3% of New Conduit post-closing.

## SEC filing metadata
- accession: 0001493152-23-032446
- form_type: 8-K
- ticker: CDT
- cik: 0001896212
- company_name: CDT Equity Inc.
- filed_at: 2023-09-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1896212/000149315223032446/0001493152-23-032446-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1896212/000149315223032446/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032446
- JSON: https://secwatch.observer/filing/0001493152-23-032446.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032446.txt

## Key facts
- Material Agreements
  CDT Equity Inc. entered into Subscription Agreement with Nirland Limited valued at $20 million (effective 2023-09-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Nirland Limited
  - Value: $20 million
  - Effective: 2023-09-13
  source text: on September 13, 2023, the Company entered into a Subscription Agreement (the “Subscription Agreement”) with Nirland Limited
  evidence_url: https://www.sec.gov/Archives/edgar/data/1896212/000149315223032446/0001493152-23-032446-index.htm

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