---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-156927"
form_type: "8-K"
ticker: "BEEP"
cik: "0001847874"
company_name: "Mobile Infrastructure Corp"
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:49:12.537358+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# FWAC amends trust agreement to hold cash in interest-bearing deposit account at ~4% yield

## Summary
- May 25, 2023: FWAC amended Trust Agreement with Continental to allow trust proceeds in interest-bearing deposit account.
- Company instructed liquidation of trust investments; cash now earns ~4.00% per annum interest.
- Amendment allows trustee to hold funds uninvested, in interest-bearing demand deposit, or in U.S. government securities.
- No change to business combination timeline; administrative change to preserve capital and earn interest.

## SEC filing metadata
- accession: 0001193125-23-156927
- form_type: 8-K
- ticker: BEEP
- cik: 0001847874
- company_name: Mobile Infrastructure Corp
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847874/000119312523156927/0001193125-23-156927-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847874/000119312523156927/d512137d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-156927
- JSON: https://secwatch.observer/filing/0001193125-23-156927.json
- Plain text: https://secwatch.observer/filing/0001193125-23-156927.txt

## Key facts
- Material Agreements
  Mobile Infrastructure Corp amended Amendment No. 1 to the Trust Agreement (effective 2023-05-25).
  - Action: amendment
  - Effective: 2023-05-25
  source text: On May 25, 2023, FWAC and Continental entered into Amendment No. 1 to the Trust Agreement (“Amendment No. 1”). Amendment No. 1 amends the Trust Agreement for administrative purposes to allow for trust account proceeds to be held in an interest bearing deposit account.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847874/000119312523156927/0001193125-23-156927-index.htm

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