Murphy Canyon Acquisition priced its initial public offering of 11.5 million units at $10 per unit, with each consisting of one share and a warrant.
Units are expected to trade on the Nasdaq starting today under the ticker symbol MURFU.
The offering is expected to close Feb. 7. Once the securities begin separate trading, stock and warrants are expected to list under MURF and MURFW.
Murphy Canyon Acquisition intends to focus on companies in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space with an aggregate combined enterprise value of $300 million to $1.2 billion.
Alliance Global Partners is sole book-running manager for the offering. The Benchmark Company is co-manager. Read more.
