{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-001118","form_type":"8-K","ticker":"SHEN","cik":"0000354963","company_name":"SHENANDOAH TELECOMMUNICATIONS CO/VA/","filed_at":"2024-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.583682+00:00","generated_at":"2026-06-05T05:50:16.190953+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Shentel sells tower portfolio to Vertical Bridge for $310.3M in cash","bullets":["Transaction includes 226 tower sites (218 macro towers, 8 small cells).","Initial closing expected in March 2024; Vertical Bridge pays full $310.3M at first close.","Tower portfolio generated $18.6M revenue, $9.5M operating income, $11.6M adj. EBITDA in 2023.","Proceeds to fund Glo Fiber expansion to ~600,000 passings by end of 2026.","Shentel expects to pay up to $10M in 2024 income taxes on the gain."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-001118","json":"https://secwatch.observer/filing/0001171843-24-001118.json","markdown":"https://secwatch.observer/filing/0001171843-24-001118.md","text":"https://secwatch.observer/filing/0001171843-24-001118.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/354963/000117184324001118/0001171843-24-001118-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/354963/000117184324001118/f8k_030124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:50:16.190953+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eeffd67c026ea0cbbd88d72d6958d75ce814347d","claim":"SHENANDOAH TELECOMMUNICATIONS CO/VA/ entered into Purchase and Sale Agreement with Vertical Bridge Holdco, LLC valued at $310.3 million (effective 2024-02-29).","evidence_excerpt":"On February 29, 2024, Shenandoah Mobile, LLC, a wholly-owned subsidiary of Shenandoah Telecommunications Company (collectively, “Shentel”), entered into a Purchase and Sale Agreement (the “Transaction Agreement”) with Vertical Bridge Holdco, LLC (“Vertical Bridge”) to sell substantially all of Shentel’s tower portfolio and operations (“Tower Portfolio”) to Vertical Bridge for $310.3 million in cash (the “Transaction”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/354963/000117184324001118/0001171843-24-001118-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Vertical Bridge Holdco, LLC"},{"label":"Value","value":"$310.3 million"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}