Presidio Property Trust Completes Merger of SPAC Murphy Canyon.
MANews-(C)2009-2023
US-based REIT Presidio Property Trust, Inc. has announced the merger with and commencement of trading of Conduit Pharmaceuticals, Inc., now trading on NASDAQ under the ticker symbol CDT, the company said.
The merger process was completed on September 22, 2023, following the definitive business combination agreement announced previously.
As a result of this transaction, Presidio now owns a total of 4,015,250 shares of Conduit and warrants to purchase 709,000 shares of Conduit.
In connection with the completion of the merger, Presidio's sponsored SPAC Murphy Canyon acquisition company changed its name to Conduit Pharmaceuticals Inc.
Conduit is a disease agnostic multi-asset clinical-stage...
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