10/07/2024 | Press release | Distributed by Public on 10/07/2024 14:06
Item 3.02 | Unregistered Sales of Equity Securities |
On October 4, 2024, Mobile Infrastructure Corporation (the "Company") elected to issue 7,997,842 shares of the Company's common stock, par value 0.0001 per share, to HSCP Strategic III, L.P. in lieu of cash payments upon the redemption of 7,997,842 common units of limited liability company interest of Mobile Infra Operating Company, LLC, a Delaware limited liability company and a subsidiary of the Company. Such securities were issued in a private placement transaction exempt from registration pursuant to Section 4(a)(2) of the Securities Act.