Mobile Infrastructure went public via a SPAC merger with Fifth Wall Acquisition III in a $550m deal.

Mobile Infrastructure, a parking asset owner, went public via a SPAC merger with Fifth Wall Acquisition III, a special purpose acquisition company, in a $550m deal. The transaction included a PIPE investment from No Street Capital. “Today marks an important step in our path towards creating a next-generation publicly-listed parking platform. Fifth Wall’s vast expertise bridging the gap between analog businesses and technologies, combined with their network of limited partners who represent the world’s top real estate owners and operators, make them an integral partner in our next growth phase,” Manuel Chavez, MIC CEO and Chairman.