secwatch.observer — SEC 8-K summary
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Issuer:     Mobile Infrastructure Corp (BEEP)
CIK:        0001847874
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001193125-23-156927
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847874/000119312523156927/0001193125-23-156927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847874/000119312523156927/d512137d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-156927

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