Mobile Infrastructure Corp Extends Loan Maturity; Declares Preferred Dividends

What Happened

• Mobile Infrastructure Corporation (BEEP) filed an 8-K disclosing a Fifth Amendment to its Credit Agreement dated September 22, 2026 that extends the loan maturity date from September 30, 2026 to December 31, 2026. The amendment is with Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master, Ltd. The filing notes this is a related-party transaction because Board co‑chair Jeffrey Osher is the managing member of No Street Capital LLC, the investment manager for those Harvest funds.
• On the same date the Board authorized monthly preferred stock dividends: Series A Preferred Stock at $4.791 per share and Series 1 Preferred Stock at $4.583 per share, payable on or about October 12, 2026. Record dates are September 27, 2026 for Series A and September 24, 2026 for Series 1. Future dividend declarations remain at the Board’s discretion.

Key Details

• Fifth Amendment date: September 22, 2026.
• Maturity extended from: September 30, 2026 → December 31, 2026.
• Counterparties: Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master, Ltd. (related‑party noted due to Jeffrey Osher).
• Preferred dividends: $4.791 per share (Series A) and $4.583 per share (Series 1); payment ≈ Oct 12, 2026; record dates Sept 27 and Sept 24, 2026.

Why It Matters

• The loan maturity extension gives the company a three‑month runway before the credit facility comes due, which can ease immediate refinancing or cash‑flow pressure. Investors should note the short, one‑time extension rather than a long‑term restructuring.
• The related‑party nature of the amendment is disclosed under SEC rules; investors may want to monitor governance disclosures and any future related transactions.
• Declared preferred dividends represent an ongoing cash obligation to preferred shareholders and will reduce available cash for other uses; however, the Board retains discretion on future declarations based on financial condition and law.