STOCK TITAN

Mobile Infrastructure (NASDAQ: BEEP) extends credit maturity and sets March preferred dividends

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Mobile Infrastructure Corporation entered into a Third Amendment to its Credit Agreement with Harvest Small Cap Partners entities, extending the loan’s maturity date from March 31, 2026 to June 30, 2026. Because board co-chair Jeffrey Osher manages the investment advisor to these lenders, this amendment is treated as a related party transaction.

The board also declared monthly dividends on preferred shares. 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, both payable on or about April 13, 2026 to holders of record on March 29, 2026 and March 24, 2026, respectively. Future dividends will depend on the board’s discretion and the company’s financial condition.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
false 0001847874 0001847874 2026-03-24 2026-03-24 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 24, 2026

 

MOBILE INFRASTRUCTURE CORPORATION

(Exact name of registrant as specified in its charter)

 

Maryland   001-40415   32-0777356

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

30 W. 4th Street

Cincinnati, Ohio

  45202
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (513) 834-5110

 

Not applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.0001 par value per share   BEEP   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On March 24, 2026, Mobile Infrastructure Corporation (the “Company”) entered into a Third Amendment to Credit Agreement (the “Third Amendment”) with Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master, Ltd., which amends the terms of that certain Credit Agreement, dated as of September 11, 2024, as amended by that certain First Amendment to Credit Agreement, dated as of September 5, 2025 and that certain Second Amendment to Credit Agreement, dated as of December 22, 2025 (as amended, the “Credit Agreement”), to extend the maturity date of the Credit Agreement from March 31, 2026 to June 30, 2026.

 

Mr. Jeffrey Osher, co-chair of the Company’s board of directors (the “Board”), is the managing member of No Street Capital LLC, which serves as the investment manager of Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master, Ltd. Accordingly, the Amendment constitutes a related party transaction for the Company pursuant to Item 404 of Regulation S-K.

 

The foregoing description of the Second Amendment is not intended to be complete and is qualified in its entirety by reference to the Second Amendment attached as Exhibit 10.1 hereto.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

 

The information contained in the disclosure set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

 

Item 8.01 Other Events.

 

Payment of Preferred Stock Dividends

 

On March 24, 2026, the Board authorized and the Company declared the payment of monthly dividends on (i) the shares of Series A Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”), of the Company, which will be paid at a rate of $4.791 per share on or about April 13, 2026 (the “Payment Date”) and (ii) the shares of Series 1 Preferred Stock, par value $0.0001 per share (the “Series 1 Preferred Stock”), of the Company, which will be paid at a rate of $4.583 per share on or about the Payment Date (collectively, the “March Dividend”). The March Dividend will be payable to the respective holders of record of the Series A Preferred Stock and the Series 1 Preferred Stock as of the close of business on March 29, 2026 and March 24, 2026, respectively.

 

The declaration and payment of future dividends is subject to the Board’s discretion and will be determined by the Board based on the Company’s financial condition, applicable law and such other considerations as the Board deems relevant.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit

Number

  Description
     
10.1   Third Amendment to Credit Agreement dated March 24, 2026
     
104   Cover Page Interactive Data file (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  MOBILE INFRASTRUCTURE CORPORATION
                             
Date: March 25, 2026 By: /s/ Stephanie Hogue
  Name: Stephanie Hogue
  Title: Chief Executive Officer and President

 

 

FAQ

What credit agreement change did Mobile Infrastructure (BEEP) disclose?

Mobile Infrastructure extended the maturity of its existing Credit Agreement with Harvest Small Cap Partners entities from March 31, 2026 to June 30, 2026. This gives the company three additional months before the loan becomes due under the amended terms.

What preferred dividends did Mobile Infrastructure (BEEP) declare?

The company declared a March monthly dividend on its preferred shares. Series A Preferred Stock holders will receive $4.791 per share and Series 1 Preferred Stock holders will receive $4.583 per share, both payable on or about April 13, 2026, subject to board discretion for future dividends.

What are the record and payment dates for BEEP’s March preferred dividends?

The March dividend on Series A Preferred Stock is payable to holders of record as of March 29, 2026. The Series 1 Preferred Stock dividend is payable to holders of record as of March 24, 2026. Both are expected to be paid on or about April 13, 2026.

Who are the lenders under Mobile Infrastructure’s amended Credit Agreement?

The counterparties to the Third Amendment are Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master, Ltd. These funds are managed by No Street Capital LLC, whose managing member is Mobile Infrastructure’s board co-chair, creating a disclosed related party relationship.

Does Mobile Infrastructure guarantee future preferred dividends after March 2026?

No, future dividends are not guaranteed. The board stated that any future dividend declarations will depend on the company’s financial condition, applicable law and other considerations the board deems relevant, so dividends may be changed, suspended or continued over time.

Filing Exhibits & Attachments

4 documents
Mobile Infrastructure Corporation Ne

NASDAQ:BEEP

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95.58M
36.70M
Infrastructure Operations
Real Estate
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United States
CINCINNATI