Mobile Infrastructure Announces Several Actions to Enhance Shareholder Value
New Capital Source Enables Settling Preferred Stock Redemptions for Cash, Eliminating Dilution on the Company's Shares
Mobile's Board Authorizes a $10 Million Share Buyback Program to Opportunistically and Accretively Deploy Capital
Mobile's Board Will Continue to Explore Strategies to Address the Gap Between Net Asset Value of $7.25 Per Share and its Current Share Price
Mobile Infrastructure Corporation (NYSE:BEEP), ("Mobile", "Mobile Infrastructure" or the "Company"), owners of a diversified portfolio of parking assets throughout the United States, today announced several strategic actions to enhance shareholder value.
The Company has secured a $40.4 million line of credit from Ha
