8-K
filed May 17, 2023, 7:59 PM ET
ticker BEEP
CIK 0001847874
other material
confidence high
sentiment neutral
materiality 0.60
Fifth Wall Acquisition III shareholders approve extension of business combination deadline to Sept 15, 2023
Mobile Infrastructure Corp
- Extension proposal approved: 28,034,598 for, 228,823 against, 0 abstained.
- Redemption limitation amendment approved: same vote tally, eliminating $5,000,001 net tangible asset floor.
- Deadline extended from May 27, 2023 to September 15, 2023.
- Quorum of 28,263,421 shares (80.10%) present at extraordinary general meeting.
- Adjournment proposal not needed due to sufficient votes for main proposals.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Mobile Infrastructure Corp: Amended Articles to eliminate the limitation that the Company shall not redeem Public Shares if redemption would cause net tangible assets to be less than $5,000,001 (effective 2023-05-17).
- Change
- charter amendment
- Effective
- 2023-05-17
Exact text from the filing
an amendment to its Articles, to eliminate from the Articles the limitation that the Company shall not redeem the Public Shares to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001 (the “Redemption Limitation Amendment”)
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Mobile Infrastructure Corp: Amended Articles to extend business combination deadline from May 27, 2023 to September 15, 2023 (effective 2023-05-17).
- Change
- charter amendment
- Effective
- 2023-05-17
Exact text from the filing
an amendment to its Amended and Restated Memorandum and Articles of Association (the “Articles”) to change the date by which the Company must consummate a business combination or, if it fails to complete such business combination by such date, cease all operations except for the purpose of winding up and, subject to and in accordance with the Articles, redeem all of the Company’s Class A ordinary shares, par value $0.0001 (“Class A ordinary shares”), sold in the Company’s initial public offering (such shares, the “Public Shares”), from May 27, 2023 to September 15, 2023 (the “Extension Amendment”)
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Mobile Infrastructure Corp shareholders approved Redemption Limitation Amendment: eliminate net tangible assets limitation on redemption of public shares. at the 2023-05-17 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
Proposal 2 - The Redemption Limitation Amendment Proposal . To approve and adopt the amendment of the Articles to eliminate from the Articles the limitation that the Company shall not redeem Public Shares to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001. For Against Abstained 28,034,598 228,823 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Mobile Infrastructure Corp shareholders approved Extension Proposal: amend articles to extend business combination deadline from May 27, 2023 to September 15, 2023. at the 2023-05-17 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
Proposal 1 - The Extension Proposal . To approve and adopt the amendment of the Articles to extend the date by which the Company must either (1) consummate a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, or (2) if it fails to complete such business combination by such date, cease all operations except for the purpose of winding up, and subject to and in accordance with the Articles, redeem all of the Public Shares, from May 27, 2023 (which is 24 months from the closing date of the Company’s initial public offering) to September 15, 2023. For Against Abstained 28,034,598 228,823 0
View on SEC.gov
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