Mobile Infrastructure Corp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds a) Recent Sales of Unregistered Securities On September 9, 2024, the Company issued 336,756 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 336,756 Common Units, consisting of (i) 94,048 shares of Common Stock issued to Samuel Wilkins 2012 Trust, (ii) 121,354 shares of Common Stock issued to Wilkins-Duignan 2009 Revocable Trust and (iii) 121,354 shares of Common Stock issued to Ritch Holdings II, LLC. On September 11, 2024, the Company issued 500,000 shares of Common Stock, valued at approximately $1.8 million based on our closing stock price on the date of issuance, consisting of (i) 166,000 shares of Common Stock issued to Harvest Small Cap Partners, L.P. and (ii) 334,000 shares of Common Stock issued to Harvest Small Cap Partners Master, Ltd. as consideration for the commitment to provide the Line of Credit. 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. b) Use of Proceeds from our Initial Public Offering None. 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 September 30, 2024: 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 July 1 - 31, 2024 — — — — August 1 - 31, 2024 — — — — September 1 - 30, 2024 26,925 $ 3.31 26,925 $ 9,910,866