Manatt’s Thomas Poletti and Veronica Lah, partners on Manatt’s Capital Markets team, and June Kim, an associate in Manatt Financial Services, represented A.G.P./Alliance Global Partners and The Benchmark Company, LLC, as underwriters in the $132 million initial public offering (IPO) of Murphy Canyon Acquisition Corp., a special purpose acquisition company (SPAC). A.G.P. acted as sole book-running manager for the offering, and The Benchmark Company acted as co-manager.
The SPAC offered 11.5 million units at $10 per unit, with each unit consisting of one share of common stock and one redeemable warrant. Each warrant will entitle the holder thereof to purchase one share of common stock at $11.50.
Murphy Canyon Acquisition Corp. intends to focus on companies in the real estate industry that would benefit from access to public markets and the operational and strategic expertise of its management team and board of directors.
Previously, Manatt represented A.G.P. as underwriter in a $75 million IPO for Larkspur Health Acquisition Corp. and in a $172 million IPO for Mount Rainier Acquisition Corp.
For more information on this SPAC deal, click here.