11/22/2024 | Press release | Distributed by Public on 11/22/2024 15:16
Item 8.01 Other Events.
Payment of Preferred Stock Dividends
On November 21, 2024, the board of directors (the "Board") of Mobile Infrastructure Corporation (the "Company") 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 December 12, 2024and (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 December 12, 2024(collectively, the "November Dividend"). The November 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 November 27, 2024 and November 24, 2024, 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.