February 22, 2024

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Mobile Infrastructure Corporation Announces Results of 2021 Annual Stockholders Meeting

Mobile Infrastructure Corporation Announces Results of 2021 Annual Stockholders Meeting

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CINCINNATI–(Company WIRE)–Cellular Infrastructure Company (the “Company”) introduced now the outcomes of its 2021 Once-a-year Assembly of Stockholders, which was nearly held on December 23, 2021.

At the assembly, stockholders voted to re-elect the users of the Board of Administrators. Jeffrey B. Osher, Lorrence T. Kellar, Danica Holley, Damon Jones, and Shawn Nelson were being elected as Impartial Administrators of the Board. Manuel Chavez III and Stephanie Hogue have been elected as Affiliated Administrators of the Board. In addition, stockholders authorised the two the payment of the Company’s named executive officers and the frequency of upcoming votes to approve named executive officer compensation at every single 3 many years. The stockholders also ratified the variety of Deloitte & Touche LLP as the Company’s unbiased auditors for the year ended December 31, 2021.

Main Executive Officer, Manuel Chavez III, stated, “We are happy with the final results of the stockholder conference and are grateful for the self-confidence in the new management and new board that stockholders have indicated as a result of their votes. We have previously obtained a number of significant milestones and we will proceed to perform diligently to further the transformation we started previously this calendar year to generate profitable expansion above time.”

About Cell Infrastructure Company

Cellular Infrastructure Corporation is an internally-managed, publicly registered, non-listed business that invests mainly in parking loads and garages in the United States. Its belongings contain 43 parking services situated in 17 states. For far more data, make sure you take a look at www.mobileit.com.

Forward-Seeking Statements

This press release includes ahead-wanting statements in just the indicating of federal securities regulations and polices. These forward-on the lookout statements are recognized by their use of conditions and phrases these kinds of as “anticipate,” “consider,” “continue,” “could,” “estimate,” “be expecting,” “intend,” “may,” “strategy,” “task,” “must,” “will,” and other equivalent phrases and phrases, like references to assumptions and forecasts of upcoming effects. Forward-hunting statements are not guarantees of upcoming general performance and contain identified and unknown risks, uncertainties and other factors that could induce the true benefits to vary materially from those people expected at the time the forward-seeking statements are created. These hazards consist of, but are not restricted to: countrywide and area economic, small business and true estate market place circumstances the potential to maintain adequate liquidity and our accessibility to capital markets our potential to establish, correctly contend for and finish acquisitions and loans the performance of genuine estate belongings and financial loans right after they are obtained and our capability to offer stockholder price by revenue or usually dispose of our homes and other property. Although Cell Infrastructure Company thinks the expectations mirrored in this sort of forward-looking statements are dependent on reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be product. Real outcomes may differ materially from those contemplated by these kinds of forward-seeking statements, together with as a end result of people components set forth in the Danger Components segment of the Firm’s most current yearly report on Type 10-K and subsequent studies submitted with the Securities and Exchange Fee. Mobile Infrastructure Corporation does not undertake any obligation to update any ahead-searching assertion contained herein to conform the assertion to real success or variations in anticipations. This push launch shall not represent an supply to market or the solicitation of an offer you to get securities.

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