secwatch.observer — SEC 8-K summary
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Issuer:     Mobile Infrastructure Corp (BEEP)
CIK:        0001847874
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001493152-24-035824
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847874/000149315224035824/0001493152-24-035824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847874/000149315224035824/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-035824

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer