Filing Analysis
Mobile Infrastructure Corporation announced the declaration of monthly dividends for its Series A and Series 1 Preferred Stock. The dividends are scheduled to be paid on or about May 12, 2026, to shareholders of record as of late April 2026.
Key Facts
- The Board of Directors authorized the dividends on April 24, 2026.
- Series A Preferred Stock dividend rate is $4.791 per share.
- Series 1 Preferred Stock dividend rate is $4.583 per share.
- Payment date for both classes is set for May 12, 2026.
- Record date for Series A is April 27, 2026; record date for Series 1 is April 24, 2026.
Mobile Infrastructure Corp (BEEP) entered into a third amendment to its credit agreement with Harvest Small Cap Partners, extending the maturity date by three months to June 30, 2026. The transaction involves a related party, as Board Co-chair Jeffrey Osher manages the lending entities.
Red Flags
- Short-term 90-day extension suggests potential difficulty in securing long-term refinancing
- Related-party transaction involving the Co-chair of the Board of Directors
- Multiple amendments (three) to the credit facility within an 18-month period
Key Facts
- Extended the maturity date of the Credit Agreement from March 31, 2026, to June 30, 2026
- The lenders, Harvest Small Cap Partners, are managed by No Street Capital LLC, where Board Co-chair Jeffrey Osher is the managing member
- This is the third amendment to the original Credit Agreement dated September 11, 2024
- Declared monthly dividends for Series A Preferred Stock ($4.791/share) and Series 1 Preferred Stock ($4.583/share) payable April 13, 2026
Mobile Infrastructure Corp (BEEP) issued a press release on March 2, 2026, announcing its financial results for the fourth quarter and full fiscal year ended December 31, 2025.
Key Facts
- The company reported financial results for the fourth quarter and fiscal year ended December 31, 2025.
- The announcement was made via a press release furnished as Exhibit 99.1.
- The filing was made under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
- The report was signed by Stephanie Hogue, President and CEO.
Mobile Infrastructure Corporation announced the declaration of monthly dividends for its Series A and Series 1 Preferred Stock. The dividends are scheduled for payment on March 12, 2026, to shareholders of record as of late February 2026.
Key Facts
- Series A Preferred Stock dividend declared at $4.791 per share.
- Series 1 Preferred Stock dividend declared at $4.583 per share.
- Payment date for both dividends is March 12, 2026.
- Record dates are February 25, 2026, for Series A and February 24, 2026, for Series 1.