Mobile Infrastructure secures $40.4M credit facility, authorizes $10M buyback, declares preferred dividends

Mobile Infrastructure Corp

Credit agreement with Harvest Small Cap provides $40.4M revolving facility at 15% interest, maturing Sep 2025.
Lenders receive 250k shares upfront and up to 250k additional shares if $15M+ drawn; shares locked up 180 days.
Board authorized $10M common stock repurchase program via open market or private transactions.
Preferred dividends: catch-up of $319.81/Series A and $299.84/Series 1 on Sep 30, plus monthly dividends for Sep.
Jeff Osher, co-chairman, is managing member of No Street Capital, making this a related-party transaction.

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