Mobile Infrastructure Corp. Enters Material Agreement, Incurs Financial Obligation

Ticker: BEEP · Form: 8-K · Filed: Dec 11, 2024 · CIK: 1847874

Mobile Infrastructure CORP 8-K Filing Summary
FieldDetail
CompanyMobile Infrastructure CORP (BEEP)
Form Type8-K
Filed DateDec 11, 2024
Risk Levelmedium
Pages3
Reading Time4 min
Key Dollar Amounts$0.0001, $75.5 million, $40.0 million
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, financial-obligation, corporate-action

TL;DR

MIC just signed a big deal and owes money, filing shows.

AI Summary

Mobile Infrastructure Corp. entered into a Material Definitive Agreement on December 6, 2024, which also created a direct financial obligation for the company. The filing also notes other events and includes financial statements and exhibits. The company was formerly known as Fifth Wall Acquisition Corp. III.

Why It Matters

This filing indicates a significant new agreement and financial commitment for Mobile Infrastructure Corp., which could impact its future operations and financial health.

Risk Assessment

Risk Level: medium — The creation of a direct financial obligation suggests potential new debt or financial commitments that could carry inherent risks.

Key Players & Entities

FAQ

What is the nature of the Material Definitive Agreement entered into by Mobile Infrastructure Corp.?

The filing does not specify the details of the Material Definitive Agreement, only that one was entered into on December 6, 2024.

What type of direct financial obligation was created for Mobile Infrastructure Corp.?

The filing states that a direct financial obligation was created but does not provide specific details about its nature or amount.

When did Mobile Infrastructure Corp. change its name from Fifth Wall Acquisition Corp. III?

The date of the name change from Fifth Wall Acquisition Corp. III to Mobile Infrastructure Corp. was February 24, 2021.

What is the principal executive office address for Mobile Infrastructure Corp.?

The principal executive office is located at 30 W. 4th Street, Cincinnati, Ohio 45202.

What is the SIC code for Mobile Infrastructure Corp.?

The Standard Industrial Classification (SIC) code for Mobile Infrastructure Corp. is 6500, which falls under Real Estate.

Filing Stats: 951 words · 4 min read · ~3 pages · Grade level 12.1 · Accepted 2024-12-11 09:16:37

Key Financial Figures

Filing Documents

03

Item 2.03. Item 8.01 Other Events In addition, on December 11, 2024, the Company issued a press release (the " Press Release "), announcing, among other things, the closing of the CMBS Loan Agreement. A copy of the Press Release is furnished hereto as Exhibit 99.1. Item 9.01 Financial (d) Exhibits Exhibit Number Description 10.1* CMBS Loan Agreement, dated December 6, 2024, by and among the Loan Borrowers party thereto and Argentic. 10.2 Guaranty, dated December 6, 2024, by the Operating Company and the other parties thereto in favor of Argentic. 99.1 Press Release, dated December 11, 2024. 104 Cover Page Interactive Data file (embedded within the Inline XBRL document). * Certain of the exhibits or schedules of this Exhibit have been omitted in accordance with Item 601(a)(5) of Regulation S-K. The Registrant agrees to furnish a copy of all omitted exhibits and schedules to the Securities and Exchange Commission upon its request.

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: December 11, 2024 By: /s/ Stephanie Hogue Name: Stephanie Hogue Title: President, Treasurer, and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR

View on Read The Filing