---
schema_version: "secwatch.filing_event.v1"
accession: "0000821130-26-000033"
form_type: "8-K"
ticker: "AD"
cik: "0000821130"
company_name: "ARRAY DIGITAL INFRASTRUCTURE, INC."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:17:00.776699+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Array Digital receives non-binding buyout proposal from TDS (81.9% owner); forms special committee

## Summary
- TDS (81.9% stock, 95.9% voting) proposes to acquire all outstanding AD shares not already owned.
- Array's board forms Special Committee of three independent directors to evaluate proposal.
- Special Committee retains PJT Partners (financial advisor) and Cravath Swaine & Moore (legal counsel).
- Proposal is non-binding, conditioned on Special Committee recommendation and disinterested stockholder vote.
- Shareholders need not take any action; no assurance a transaction will occur.

## SEC filing metadata
- accession: 0000821130-26-000033
- form_type: 8-K
- ticker: AD
- cik: 0000821130
- company_name: ARRAY DIGITAL INFRASTRUCTURE, INC.
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821130/000082113026000033/0000821130-26-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821130/000082113026000033/ad-20260508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000821130-26-000033
- JSON: https://secwatch.observer/filing/0000821130-26-000033.json
- Plain text: https://secwatch.observer/filing/0000821130-26-000033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.