Operating without substantial business activities, Murphy Canyon Acquisition Corp.'s main purpose is to carry out a business combination, such as a merger, capital stock exchange, asset acquisition, or corporate restructuring, with other enterprises. The firm specifically aims to identify target companies within the broad real estate industry, including construction, homebuilding, property ownership and management, financing arrangers, insurance services, various other real estate support services, and related technological innovations. Established in 2021, the company is headquartered in San Diego, California.