UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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| Item 8.01 | Other Events. |
On February 7, 2022, Presidio Property Trust, Inc. (the “Company”) announced the completion of the initial public offering (“IPO”) of Murphy Canyon Acquisition Corp. (“Murphy Canyon”), a special purpose acquisition company (SPAC) sponsored by the Company 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 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. Only whole warrants are exercisable. The 13,225,000 units includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 1,725,000 units. The units are listed on the Nasdaq Global Market Exchange and began trading under the ticker symbol “MURFU” on February 3, 2022.
The Company’s press release related to the foregoing is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
The following exhibit is being filed herewith:
| 99.1 | Press Release Dated February 7, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| PRESIDIO PROPERTY TRUST, INC. | ||
| Date: February 7, 2022 | By: | /s/ Adam Sragovicz |
| Adam Sragovicz | ||
| Chief Financial Officer | ||