---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-088143"
form_type: "8-K"
ticker: "BEEP"
cik: "0001847874"
company_name: "Mobile Infrastructure Corp"
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:27:14.272598+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fifth Wall Acquisition Corp. III restates Q2 and Q3 2022 financials; material weakness identified

## Summary
- Board concluded previously issued Q2 and Q3 2022 financials should be restated due to errors in accounting for deferred underwriting expenses.
- Restatement involves adjusting carrying value of redeemable Class A shares for extinguishment of contingent liability.
- Material weakness in internal control over financial reporting identified; disclosure controls ineffective for affected periods.
- Restatement does not impact cash position or trust account.
- Company will file restated financials in upcoming 10-K for 2022.

## SEC filing metadata
- accession: 0001193125-23-088143
- form_type: 8-K
- ticker: BEEP
- cik: 0001847874
- company_name: Mobile Infrastructure Corp
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847874/000119312523088143/0001193125-23-088143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847874/000119312523088143/d482842d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-088143
- JSON: https://secwatch.observer/filing/0001193125-23-088143.json
- Plain text: https://secwatch.observer/filing/0001193125-23-088143.txt

## Key facts
- Auditor Changes
  Mobile Infrastructure Corp reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: WithumSmith+Brown, PC
  source text: On March 30, 2023, the Company's board of directors concluded that the Company's previously issued (i) unaudited interim financial statements included in the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022, filed with the SEC on August 11, 2022 and (ii) unaudited interim financial statements included in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022, filed with the SEC on November 10, 2022 (the "Affected Periods"), should be restated
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847874/000119312523088143/0001193125-23-088143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.