Mobile Infrastructure Corp
For the period ended Jun 30, 2025. Filed Aug 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 12, 2025
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UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
a) Recent Sales of Unregistered Securities
On May 9, 2025, the Company issued 281,280 shares of common stock, valued at approximately $1.2 million based on our closing stock price on the date of issuance, in lieu of cash payment upon the redemption of 281,280 Common Units to The Jerald and Melody Howe Weintraub Revocable Living Trust.
The above securities were issued in transactions not involving a public offering pursuant to an exemption from registration set forth in Section 4(a)(2) of the Securities Act of 1933, as amended.
c) Issuer Purchases of Equity Securities
On September 11, 2024, the Company announced that the Board authorized a share repurchase program for the repurchase of up to $10,000,000 of shares of common stock. The following table summarizes the share repurchase activity for the three months ended June 30, 2025. The average price paid per share includes broker commissions.
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs | |
|---|---|---|---|---|
| April 1 - 30, 2025 | — | — | — | $ 8,408,955 |
| May 1 - 31, 2025 | 5,343 | $ 3.70 | 5,343 | $ 8,389,192 |
| June 1 - 30, 2025 | 600 | $ 3.72 | 600 | $ 8,386,960 |
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