Mobile Infrastructure Corporation Ne SEC Filings

Mobile Infrastructure Corporation filed an amended current report to disclose compensation details for leadership changes previously announced. Manuel Chavez III will serve as Executive Chairman under a new Executive Chair Agreement effective August 1, 2025. Within 120 days of that date, he is eligible for 550,000 performance-based long-term incentive units that vest on December 31, 2027, contingent on completing $100,000,000 in asset sales under the company’s portfolio optimization plan and Compensation Committee approval.

New Chief Executive Officer Stephanie Hogue entered into a three-year Amended and Restated Employment Agreement starting August 1, 2025, with automatic one-year renewals. She will receive a $600,000 annual base salary, a target annual bonus up to 33.33% of base salary, and annual restricted stock grants with a $1,000,000 target value, plus a $166,667 pro rata equity award for 2025. The agreement provides tiered severance of one to three times total cash compensation, accelerated equity vesting, and 18 months of health coverage upon specified qualifying terminations, including after a Change in Control, alongside non-compete and non-solicitation covenants.

Mobile Infrastructure Corp (BEEP) reported Q3 2025 results. Total revenues were $9.1 million versus $9.8 million a year ago, while the net loss attributable to common stockholders widened to $6.0 million from $1.8 million. Results reflected higher depreciation and amortization and a $2.5 million impairment. For the nine months, revenue was $26.3 million versus $27.9 million and the net loss attributable to common stockholders was $14.7 million versus $6.2 million.

The company ended the quarter with total assets of $397.8 million, notes payable (net) of $181.4 million, and $29.9 million outstanding on its Line of Credit; the balance increased to $34.3 million as of the filing date. Management disclosed substantial doubt about continuing as a going concern due to the Line of Credit maturing within 12 months and $4.9 million of accrued interest due at maturity, but approved a plan to sell real estate and noted the ability to extend or defer the facility through March 31, 2026.

In October 2025, BEEP refinanced $84.4 million of debt via an asset-backed securitization, issuing 4.15% Series 2025-1 Class A-2 Notes with a $100 million principal amount, anticipated repayment in October 2030 and final maturity in October 2055.

Mobile Infrastructure Corporation furnished a press release announcing financial results for its third fiscal quarter ended September 30, 2025. The release was provided as Exhibit 99.1 to an 8‑K under Item 2.02 and also referenced under Item 7.01. The company posted the same press release on its investor website on November 10, 2025. The information is furnished, not filed, except as specifically incorporated by reference.

Mobile Infrastructure Corporation completed a $100,000,000 asset-backed securitization through its subsidiary, issuing 4.15% Series 2025-1 Class A-2 Notes in a private placement priced at 88.30372% of principal. The notes have an anticipated repayment date in October 2030 and a final maturity in October 2055, are secured by mortgages and deeds of trust on designated parking facilities, and are guaranteed by affiliated entities.

The company used the net proceeds to repay existing indebtedness, including full repayment of all obligations under a prior loan agreement with Bank of America related to MVP Detroit Center Garage, LLC. Following repayment, the prior loan and related documents were terminated and all associated liens and encumbrances were released. Under a new management agreement, an affiliate will manage the parking assets for a monthly fee equal to 1.0% of TTM Adjusted NOI, capped at $41,667.

Mobile Infrastructure Corporation declared its monthly October preferred dividends. Holders of Series A Preferred Stock will receive $4.791 per share, and holders of Series 1 Preferred Stock will receive $4.583 per share, each payable on or about November 12, 2025.

The October dividend is payable to Series A holders of record as of October 28, 2025 and to Series 1 holders of record as of October 24, 2025. The company noted that future dividends will be at the Board’s discretion based on financial condition and other considerations.

Form 4 disclosure: Director David Garfinkle reported purchases of Mobile Infrastructure Corp (ticker: BEEP) common stock on 08/29/2025. He acquired 2,117 shares at $3.83 per share and 463 shares at $3.85 per share, bringing his beneficial ownership to 61,276 shares (direct ownership). The filing shows no derivative transactions and is signed by Mr. Garfinkle on 09/02/2025. The form was filed as a single reporting person disclosure.