---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-169114"
form_type: "8-K"
ticker: "BEEP"
cik: "0001847874"
company_name: "Mobile Infrastructure Corp"
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T23:13:54.486033+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Fifth Wall Acquisition Corp. III amends sponsor agreement and secures $46M PIPE for merger with Mobile Infrastructure

## Summary
- Sponsor agrees to cancel 4,775,000 founder shares for no consideration; 1,000,000 vest at $13/share and 1,000,000 at $16/share.
- New PIPE investors commit $46 million through Series 2 Preferred Stock at $1,000 per share, convertible at $3.67 per share.
- Terminated the initial $10 million PIPE subscription agreement with Harvest Small Cap Partners by mutual consent.
- Series 2 Preferred Stock ranks senior to common stock and pays cumulative 10% dividends in kind.
- Shares issued in new PIPE are subject to a one-year lock-up and not registered under the Securities Act.

## SEC filing metadata
- accession: 0001193125-23-169114
- form_type: 8-K
- ticker: BEEP
- cik: 0001847874
- company_name: Mobile Infrastructure Corp
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847874/000119312523169114/0001193125-23-169114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847874/000119312523169114/d467104d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-169114
- JSON: https://secwatch.observer/filing/0001193125-23-169114.json
- Plain text: https://secwatch.observer/filing/0001193125-23-169114.txt

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