Mobile Infrastructure Announces Several Actions to Enhance Shareholder Value
Mobile Infrastructure Corporation (BEEP)
Company Research
Source: Business Wire
New Capital Source Enables Settling Preferred Stock Redemptions for Cash, Eliminating Dilution on the Company’s SharesMobile’s Board Authorizes a $10 Million Share Buyback Program to Opportunistically and Accretively Deploy CapitalMobile’s Board Will Continue to Explore Strategies to Address the Gap Between Net Asset Value of $7.25 Per Share and its Current Share Price CINCINNATI--(BUSINESS WIRE)--Mobile Infrastructure Corporation (NYSE American: BEEP), (“Mobile”, “Mobile Infrastructure” or the “Company”), owners of a diversified portfolio of parking assets throughout the United States, today announced several strategic actions to enhance shareholder value.The Company has secured a $40.4 million line of credit from Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master, Ltd. that will be used to achieve three primary objectives, namely to:Provide flexibility to fund future preferred stock redemptions in cash rather than common stock;Pay all accrued dividends on the
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News
- Mobile Infrastructure (BEEP) Q2 Earnings and Revenues Improve Y/Y [Yahoo! Finance]Yahoo! Finance
- Mobile Infrastructure Corporation (BEEP) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Mobile Infrastructure Reports Second Quarter 2024 Financial ResultsBusiness Wire
- Mobile Infrastructure Announces Timing of Second Quarter 2024 Earnings Release and Conference CallBusiness Wire
BEEP
Sec Filings
- 9/13/24 - Form SC
- 9/13/24 - Form 4
- 9/11/24 - Form 424B3
- BEEP's page on the SEC website