Business Context and Reporting Period
Company: Mobile Infrastructure Corp (Ticker: BEEP)
Filing Type: Form 8-K (Current Report)
Date of Report: December 23, 2025
Reporting Period: Specific events occurring on December 23, 2025.
Key Financial Metrics and Obligations
This filing does not report revenue, profit, cash flow, or general liquidity metrics. It focuses on specific debt and dividend obligations:
- Debt Maturity Extension: The maturity date of the Credit Agreement with Harvest Small Cap Partners has been extended from December 31, 2025, to March 31, 2026.
- Preferred Stock Dividends:
- Series A Preferred Stock: $4.791 per share.
- Series 1 Preferred Stock: $4.583 per share.
- Payment Date: On or about January 12, 2026.
- Record Dates: December 28, 2025 (Series A) and December 24, 2025 (Series 1).
Material Changes
The primary material change is the execution of a Second Amendment to the Credit Agreement dated September 11, 2024. This amendment extends the loan maturity by three months. Additionally, the Board authorized the declaration of monthly dividends for Series A and Series 1 Preferred Stock, which constitutes a new cash outflow obligation for the upcoming payment cycle.
Guidance, Risks, and Related Party Transactions
- Related Party Transaction: The Second Amendment to the Credit Agreement is a related party transaction. Mr. Jeffrey Osher, co-chair of the Board, is the managing member of No Street Capital LLC, the investment manager for the lenders (Harvest Small Cap Partners).
- Dividend Discretion: Future dividend declarations are subject to Board discretion based on the Company's financial condition and applicable law.
- Risks: The filing does not explicitly detail new risks beyond the standard obligations of debt repayment and dividend payments.
Investor Verification Checklist
- Verify the total outstanding principal balance under the amended Credit Agreement to assess the impact of the maturity extension.
- Confirm the number of outstanding shares for Series A and Series 1 Preferred Stock to calculate the total cash required for the January 12, 2026 dividend payment.
- Review the full text of the Second Amendment (Exhibit 10.1) for any changes to interest rates, covenants, or fees not summarized in this report.
- Assess the Company's current cash position to ensure liquidity is sufficient to meet the upcoming dividend obligations and debt service.