3//SEC Filing
Murphy Canyon Acquisition Sponsor, LLC 3
Accession 0001493152-22-004024
CIK 0001896212other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 4:31 PM ET
Size
8.3 KB
Accession
0001493152-22-004024
Insider Transaction Report
Form 3
Holdings
- 754,000
Class A common stock, par value $0.0001 per share
Warrants
Exercise: $11.50→ Class A common stock, par value $0.0001 per share (565,500 underlying)Class B common stock, par value $0.0001 per share
→ Class A common stock, par value $0.0001 per share (3,306,250 underlying)
Footnotes (7)
- [F1]On February 2, 2022, Murphy Canyon Acquisition Sponsor, LLC (the "Sponsor") purchased 754,000 units (the "Private Placement Units") pursuant to a private placement. Each Private Placement Unit consists of one share of Class A common stock and three-quarters of one redeemable warrant.
- [F2]The shares of Class A common stock are underlying units (the "Private Placement Units"). Each Private Placement Unit consists of one share of Class A common stock and three-quarters of one redeemable warrant.
- [F3]The Warrants will become exercisable upon the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of the Issuer's initial business combination.
- [F4]The Warrants will expire five years after the completion of the Issuer's business combination or earlier upon redemption or liquidation.
- [F5]As described in the Issuer's registration statement on Form S-1 (333-262036) (the "S-1") under the heading "Redeemable Warrants," the number of shares issuable upon exercise and the conversion price of the Warrants are subject to certain adjustments as described therein. Cashless exercise is also permitted.
- [F6]On November 16, 2021, the Sponsor agreed to purchase 4,312,500 shares of Class B common stock (the "Founder Shares") pursuant to a private placement for an aggregate purchase price of $25,000, or approximately $0.006 per share. On January 26, 2022, the Sponsor surrendered and forfeited 1,006,250 of the Founder Shares for no consideration, following which the Sponsor holds 3,306,250 Founder Shares.
- [F7]As described in the S-1 under the heading "Founder Shares," the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments described therein.
Documents
Issuer
Murphy Canyon Acquisition Corp.
CIK 0001896212
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001910050
Filing Metadata
- Form type
- 3
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 4:31 PM ET
- Size
- 8.3 KB