secwatch.observer — SEC 8-K summary
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Issuer:     CDT Equity Inc. (CDT)
CIK:        0001896212
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001493152-23-034700
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.02, 2.01, 5.06, 9.01, 3.02, 3.01, 3.03, 5.03, 5.01, 5.05, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Murphy Canyon completes de-SPAC merger with Conduit Pharmaceuticals Ltd.
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- Transaction closed Sept 22, 2023; name changed to Conduit Pharmaceuticals Inc.; tickers CDT, CDTTW.
- Post-combination shares outstanding: 72,418,316; 2,129,662 public shares redeemed at ~$10.84.
- $20M PIPE financing from Nirland Limited: 2M units at $10/unit (1 share + 1 warrant).
- Andrew Regan beneficially owns 62.9% (45.6M shares) of outstanding common stock.
- Lock-up agreements for 180 days for certain former Conduit shareholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1896212/000149315223034700/0001493152-23-034700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1896212/000149315223034700/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-034700

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer