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CDT News

US IPO Weekly Recap: The February IPO market kicks off with 2 biotechs

ACLX

The February IPO market kicked off with two cancer-focused biotechs, joined by four SPACs. New filers trickled into the pipeline with one IPO and four SPACs submitting initial filings. CAR-T biotech Arcellx (ACLX) priced at the low end to...read more

Real estate SPAC Murphy Canyon Acquisition prices $115 million IPO

Conduit Pharmaceuticals (Murphy Canyon Acquisition) logo

Murphy Canyon Acquisition, a blank check company formed by Presidio Property Trust targeting the real estate industry, raised $115 million by offering 11.5 million units at $10. Each unit consists of one share of common stock and one whole warrant,...read more

Real estate-focused SPAC Murphy Canyon Acquisition cuts deal size by 23% ahead of $115 million IPO

Conduit Pharmaceuticals (Murphy Canyon Acquisition) logo

Murphy Canyon Acquisition, a blank check company formed by Presidio Property Trust targeting the real estate industry, lowered the proposed deal size for its upcoming IPO on Friday. The San Diego, CA-based company now plans to raise $115 million by offering...read more

Real estate SPAC Murphy Canyon Acquisition retracts withdrawal of $150 million IPO

Conduit Pharmaceuticals (Murphy Canyon Acquisition) logo

Murphy Canyon Acquisition, a blank check company formed by Presidio Property Trust targeting the real estate industry, filed to withdraw its plans for an initial public offering on Wednesday but later clarified that the withdrawal had been made in error. It...read more