ADDED
beep20251231_10k.htm 0001847874 Mobile Infrastructure Corp false --12-31 FY 2025 true true true Our Board holds oversight responsibility over our strategy and risk management, including material risks related to cybersecurity threats.
The Audit Committee of our Board (the Audit Committee ) oversees, among other things, the controls designed to assess, identify, and manage material risks from cybersecurity threats.
The Audit Committee is informed of material risks from cybersecurity threats pursuant to the escalation criteria as set forth in our disclosure controls and procedures.
Further, our Chief Financial Officer and our Head of Information Technology report on cybersecurity matters, including material risks and threats, to the Audit Committee, and the Audit Committee provides updates to our Board, in each case as frequently as is appropriate.
Under the oversight of the Audit Committee, and as directed by our Chief Financial Officer, our Head of Information Technology has established policies for and is primarily responsible for overseeing our cybersecurity incident response plan and related processes that are designed to assess and manage material risks from cybersecurity threats.
As part of this cybersecurity program, we utilize a third-party managed information technology service provider (the MSP ) for cybersecurity services, including threat detection and response, vulnerability assessment and monitoring, security incident response and recovery and general cybersecurity education and awareness.
The MSP has the requisite experience to oversee our cybersecurity program.
Our Chief Financial Officer and our Head of Information Technology are informed about and monitor the prevention, detection, mitigation, and remediation of cybersecurity incidents pursuant to criteria set forth in our incident response plan.
In addition, our Chief Financial Officer and our Head of Information Technology coordinate with our legal counsel to assess and manage material risks from cybersecurity threats.
Our Chief Financial Officer and our Head of Information Technology provide updates as frequently as appropriate to the Audit Committee.
REMOVED
This amount does not include intangible assets and construction in progress totaling approximately $10.2 million and $0.3 million, respectively, as of December 31, 2023 and approximately $10.1 million and $1.2 million as of December 31, 2022, respectively.
2029 KeyBank Loan Pool is secured by MVP Memphis Poplar 2013, LLC and MVP St.
2027 Canton Commercial Real Estate Loan Pool is secured by the following properties: MVP Louisville Broadway Station, LLC, MVP Whitefront Garage, LLC, MVP Houston Preston Lot, LLC, MVP Houston San Jacinto Lot, LLC, St.
The aggregate gross cost of property included above for federal income tax purposes was approximately $419.6 million as of December 31, 2024.
As of February 28, 2025 there were 42.6 million shares of the registrant s common stock outstanding.
The error resulted from a need to adjust the carrying amount of noncontrolling interest related to conversions of preferred shares into common shares.
Revisions to the previously issued financial statements were provided in our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 (see Note 19 Revision of Previously Issued Financial Information).
As such, any incentive compensation payable during any period described above was not granted, earned or vested based on financial reporting measures impacted by the restatement.
The foregoing is the basis upon which the Company determined that there were no payments required to be recouped under the Policy.
MARKET FOR REGISTRANT S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 35 ITEM 6 [RESERVED] 36 ITEM 7.