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Murphy Canyon Acquisition Corp. closed its initial public offering (IPO) of 13,225,000 units at $10.00 per unit, including an over-allotment of 1,725,000 units. The units began trading on NASDAQ under the ticker MURFU on February 3, 2022. Each unit consists of one share of common stock and one redeemable warrant, with warrants exercisable at $11.50. The company targets real estate businesses with a combined enterprise value of $300 million to $1.2 billion. The offering was managed by A.G.P./Alliance Global Partners and co-managed by The Benchmark Company.
Murphy Canyon Acquisition Corp. (NASDAQ:MURFU) has announced that its IPO underwriters fully exercised the over-allotment option, resulting in the purchase of an additional 1,725,000 units at $10.00 each. This brings total gross proceeds to $132.25 million. Each unit consists of one share of Class A common stock and a redeemable warrant for one additional share at $11.50. The units began trading on February 3, 2022. The company targets mergers and acquisitions within the real estate sector, aiming for a combined enterprise value of $300 million to $1.2 billion.
Murphy Canyon Acquisition Corp. announced the pricing of its initial public offering (IPO) of 11,500,000 units at $10.00 per unit, which includes one share of common stock and one redeemable warrant. Trading is set to begin on February 3, 2022 on NASDAQ under the ticker symbol MURFU, with the IPO expected to close on February 7, 2022. The company targets businesses in the real estate sector, aiming for an aggregate enterprise value of $300 million to $1.2 billion for potential mergers or acquisitions.
