Mobile Infrastructure Corporation

Mobile Infrastructure Corporation reaffirmed its full-year 2026 guidance of $35 million to $38 million in total revenue, $21.5 million to $23 million in net operating income, and $15 million to $16.5 million in adjusted EBITDA, while its board is actively reviewing a take-private proposal from Bombe Asset Management. CEO Stephanie Hogue said a special committee is evaluating the proposal but declined further comment, calling operations business as usual. Second-quarter same-location net operating income rose 12% to $5.9 million on a 5.6% revenue increase, with portfolio utilization reaching 70%. The company paid down $3.7 million of principal on its credit line, ending the quarter with $197.1 million in total net debt, and is negotiating about $25 million in transactions under its asset rotation program.

Mobile Infrastructure Corporation has received a preliminary, non-binding indication of interest from Bombe Asset Management to acquire all outstanding shares of the company. Bombe is owned and controlled by Manuel Chavez III, Mobile's Executive Chairman, and Stephanie Hogue, Mobile's President and CEO, both of whom are managing partners of Bombe. The board has formed a special committee of independent directors to evaluate the proposal and other alternatives. The company noted there is no assurance a definitive agreement will be reached or that any transaction will be completed.