Mobile Infrastructure Corp. Enters Material Definitive Agreement

TL;DR

Mobile Infrastructure Corp. just signed a big deal, watch their financials.

AI Summary

Mobile Infrastructure Corp. entered into a material definitive agreement on March 1, 2024, related to a direct financial obligation. The company, formerly known as Fifth Wall Acquisition Corp. III, is incorporated in Maryland and headquartered in Cincinnati, Ohio.

Why It Matters

This filing indicates a significant financial commitment or obligation for Mobile Infrastructure Corp., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.

Key Players & Entities

• Mobile Infrastructure Corp. (company) — Registrant
• Fifth Wall Acquisition Corp. III (company) — Former company name
• March 1, 2024 (date) — Date of earliest event reported
• 30 W. 4th Street, Cincinnati, Ohio 45202 (location) — Principal executive offices address

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value per share BEEP NYSE Ameri

Filing Documents

• form8-k.htm (8-K) — 44KB
• ex10-1.htm (EX-10.1) — 82KB
• 0001493152-24-008900.txt ( ) — 312KB
• beep-20240301.xsd (EX-101.SCH) — 3KB
• beep-20240301_lab.xml (EX-101.LAB) — 34KB
• beep-20240301_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

01 Entry into

Item 1.01 Entry into a Material Definitive Agreement. On March 1, 2024, Mobile Infrastructure Corporation (the " Company ") entered into that certain Third Amendment to Credit Agreement (the " Third Amendment "), by and among the Company, Mobile Infra Operating Company, LLC (the " Operating Company "), certain subsidiaries of the Operating Company (together with the Operating Company, the " Borrower "), and KeyBank National Association (" KeyBank "), amending that certain Credit Agreement, dated as of March 29, 2022, as amended by that certain First Amendment to Credit Agreement, dated as of November 17, 2022, and as further amended by that Waiver and Second Amendment to Credit Agreement, dated as of August 25, 2023 (collectively with the Third Amendment, the " Credit Agreement "), by and among the Borrower, the Company, KeyBank and the other financial institutions party thereto as lenders. Capitalized terms used but not defined in this Current Report on Form 8-K (this " Report ") have the meanings related thereto in the Credit Agreement. Pursuant to the Third Amendment, the parties agreed to extend the maturity date of the Credit Agreement to a maximum maturity date of June 30, 2025, subject to certain interest rate adjustments after the first extended maturity date of October 1, 2024, and certain further interest rate adjustments after the second extended maturity date of April 1, 2025. In addition, pursuant to the Third Amendment, the Borrower is required to work diligently to refinance certain of its real property in Chicago, Illinois. The Third Amendment also requires the Borrower or the Company to prepay the Loans with the net proceeds of any Capital Events related to the Borrower, the Company or any of their respective subsidiaries. In addition, the Borrower agreed to maintain certain of its real property located in Clarksburg, West Virginia and Milwaukee, Wisconsin free and clear of any Liens other than encumbrances permitted under the Credit Agreement,

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MOBILE INFRASTRUCTURE CORPORATION Date: March 5, 2024 By: /s/ Stephanie Hogue Name: Stephanie Hogue Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR