Mobile Infrastructure Corporation announced that it has entered into a subscription agreement with Harvest Small Cap Partners, L.P., a fund managed by Harvest Capital Strategies LLC for gross proceeds of $12 million on December 14, 2022. The company will issue aggregate of 1,200,000 Surviving Pubco Shares for a purchase price of $10 per share. Surviving Pubco Shares to be issued and sold to the investor pursuant to the Subscription Agreement will not be registered under the Securities Act of 1933, as amended in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.