secwatch.observer — SEC 8-K summary
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Issuer:     ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
CIK:        0000821130
Form:       8-K
Filed at:   2026-01-13T23:59:59+00:00
Accession:  0000821130-26-000003
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Array Digital sells spectrum assets to AT&T for $1.018B; declares $10.25 special dividend
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- Sold select spectrum licenses to AT&T for $1.018 billion in cash; $232 million allocated to 700 MHz band licenses.
- Board declared special cash dividend of $10.25 per common and Series A common share, payable Feb 2, 2026 to holders of record Jan 23, 2026.
- Transaction monetizes retained spectrum not included in T-Mobile sale closed Aug 1, 2025; furthers previously announced strategy.
- Special dividend expected to be largely designated as ordinary and qualified dividend for 1099-DIV reporting.
- Advisors: Citigroup, Centerview, TD Securities, Wells Fargo for TDS; PJT Partners for Array independent directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000082113026000003/0000821130-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000082113026000003/ad-20260113.htm
  HTML page:      https://secwatch.observer/filing/0000821130-26-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer