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SAN DIEGO, CA / ACCESSWIRE / February 7, 2022 / (NASDAQ:SQFT)(NASDAQ:SQFTP)(NASDAQ:SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust (“REIT”), today announced the successful completion of the initial public offering (“IPO”) of Murphy Canyon Acquisition Corp. (“Murphy Canyon”), a Special Purpose Acquisition Company (SPAC) sponsored by Presidio through a wholly-owned subsidiary. Pursuant to the IPO, Murphy Canyon sold 13,225,000 units to the public at a price of $10 per unit, with each unit consisting of one share of Class A common stock, par value $0.0001 per share, of Murphy Canyon (“common stock”) and one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of common stock at a price of $11.50 per share.
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