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CINCINNATI - Mobile Infrastructure Corporation (NYSE American: BEEP), a company specializing in the ownership and management of parking assets, announced its transition from the NYSE American to The Nasdaq Stock Market LLC. The company, currently valued at $169.12 million in market capitalization, will begin trading on Nasdaq under the same ticker symbol "BEEP" starting Friday, May 23, 2025, after the market closes on Thursday, May 22, 2025.
This strategic move aims to enhance the company’s visibility among investors, improve liquidity, and position Mobile Infrastructure alongside other rapidly growing and innovative companies. The shift is seen as a significant step in the company’s growth trajectory and is intended to align with its long-term strategy to build shareholder value.
Jeff Osher, co-Chair of Mobile Infrastructure’s Board of Directors, stated that the Nasdaq listing underscores the company’s strategic direction and broadens its access to capital markets. The board remains committed to addressing the disparity between the company’s stock price and the underlying value of its parking infrastructure portfolio.
Manuel Chavez III, CEO and co-Chair of the Board, highlighted the company’s strength and disciplined strategy, which involves leveraging mobility data and diversifying the use of its assets. He emphasized the company’s unique position at the crossroads of infrastructure, urban mobility, and technology, which is reflected in the move to Nasdaq.
Mobile Infrastructure will maintain its current business model and ticker symbol post-transition. The company is recognized as the only publicly traded platform focusing on parking infrastructure, providing a singular investment opportunity in the evolving urban transportation landscape.
The press release includes forward-looking statements regarding the expected benefits of the Nasdaq listing and the company’s future strategy. However, it also cautions that these statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
The information in this article is based on a press release statement from Mobile Infrastructure Corporation.
In other recent news, Mobile Infrastructure Corporation reported a 6.7% year-over-year decline in revenue for the first quarter of 2025, with total revenue reaching $8.2 million. The company also saw decreases in net operating income and adjusted EBITDA, with net operating income down 17% and adjusted EBITDA down 21%. Despite these financial challenges, Mobile Infrastructure is focusing on strategic initiatives such as management contract conversions and exploring new revenue streams. Analysts from firms like B. Riley have shown interest in the company’s ongoing efforts to navigate current market conditions.
Mobile Infrastructure Corporation has set a revenue guidance for 2025 between $37 million and $40 million, with an expected net operating income growth of 7% year-over-year. The company is also working on optimizing its balance sheet and exploring more flexible debt facilities. CEO Manuel Chavez and President Stephanie Hoag emphasized the importance of data-driven decision-making and strategic capital deployment. The company is engaged in revenue-sharing negotiations for electric vehicle charging at several garages and is exploring opportunities with autonomous vehicle operators.
Additionally, Mobile Infrastructure is implementing a 36-month disposition program targeting $100 million of non-core properties to reinvest in its acquisition pipeline. The company plans to transition 75% of its portfolio to management contracts by the end of 2025. These developments indicate Mobile Infrastructure’s commitment to leveraging its assets and data to position itself for future growth.
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