Mobile Infrastructure (BEEP) Proxy filing summary

Executive summary

• Annual meeting scheduled for June 18, 2025, with updated proxy materials issued June 11, 2025.

• Supplement provides updated information regarding the independent registered public accounting firm.

Voting matters and shareholder proposals

• Proposal 2, a non-binding vote on ratification of Deloitte as auditor, has been withdrawn due to the change in auditor.

• Votes already submitted remain valid, but any votes on Proposal 2 will be disregarded.

• No new proxy card or voting instructions are required solely due to the withdrawal of Proposal 2.

• No broker non-votes are expected at the annual meeting.

Audit committee and external auditor matters

• Audit committee dismissed Deloitte & Touche LLP as independent auditor on June 5, 2025.

• Grant Thornton LLP engaged as new independent auditor effective immediately for the year ending December 31, 2025.

• Deloitte's audit reports for 2023 and 2024 were unqualified and not modified as to uncertainty, scope, or principles.

• No disagreements with Deloitte on accounting or auditing matters; material weaknesses in internal controls were disclosed for 2023.

• No consultations with Grant Thornton prior to engagement regarding accounting principles or audit opinions.