secwatch.observer — SEC 8-K summary
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Issuer:     ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
CIK:        0000821130
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001104659-25-073368
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 3.03, 8.01, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Array closes sale of wireless ops to T-Mobile for ~$4.3B; declares $23 special dividend
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- Adjusted purchase price ~$4.3B: $2.6B cash + $1.7B T-Mobile debt assumption via exchange offer.
- Special cash dividend of $23.00/share declared, record Aug 11, payable Aug 19, 2025.
- Name change to Array Digital Infrastructure, Inc.; new ticker 'AD' effective Aug 12, 2025.
- Entered 15-year Master License Agreement with T-Mobile for min 2,015 towers plus interim rights on ~1,800 towers.
- Five directors resigned; Joseph Hanley elected to Board; Vicki Villacrez appointed CFO; Walter Carlson becomes Chair.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000110465925073368/0001104659-25-073368-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000110465925073368/tm2518822d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-073368

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