12/23/2024 | Press release | Distributed by Public on 12/23/2024 16:26
Item 8.01 | Other Events. |
Payment of Preferred Stock Dividends
On December 20, 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 January 13, 2025and (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 January 13, 2025(collectively, the "December Dividend"). The December 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 December 29, 2024 and December 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.