secwatch.observer — SEC 8-K summary
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Issuer:     ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
CIK:        0000821130
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0000821130-26-000033
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000082113026000033/0000821130-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000082113026000033/ad-20260508.htm
  HTML page:      https://secwatch.observer/filing/0000821130-26-000033

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