Murphy Canyon Acquisition Sponsor, LLC - Feb 2, 2022 Form 3 Insider Report for Murphy Canyon Acquisition Corp. (MURF)

Role
10%+ Owner
Signature
/s/ Jack K. Heilbron, Managing Member, Murphy Canyon Acquisition Sponsor, LLC
Stock symbol
MURF
Transactions as of
Feb 2, 2022
Transactions value $
$0
Form type
3
Date filed
2/11/2022, 03:31 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MURF Class A common stock, par value $0.0001 per share 754K Feb 2, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MURF Warrants Feb 2, 2022 Class A common stock, par value $0.0001 per share 566K $11.50 Direct F3, F4, F5
holding MURF Class B common stock, par value $0.0001 per share Feb 2, 2022 Class A common stock, par value $0.0001 per share 3.31M Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.