---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-001842"
form_type: "8-K/A"
ticker: "SHEN"
cik: "0000354963"
company_name: "SHENANDOAH TELECOMMUNICATIONS CO/VA/"
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:34:53.455214+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Shentel closes $309.9M tower sale to Vertical Bridge, files pro forma results

## Summary
- Sale of tower portfolio to Vertical Bridge for $309.9M cash closed March 29, 2024.
- Pro forma 2023 revenue falls from $287.4M to $269.1M after removing tower operations.
- Pro forma 2023 continuing ops net income $1.0M ($0.02 EPS) vs historical $8.0M ($0.16 EPS).
- Pro forma cash at Dec 31, 2023: $444.3M vs historic $139.3M from sale proceeds.
- Filing updates pro forma financial statements for the years 2021-2023 as required by Item 9.01.

## SEC filing metadata
- accession: 0001171843-24-001842
- form_type: 8-K/A
- ticker: SHEN
- cik: 0000354963
- company_name: SHENANDOAH TELECOMMUNICATIONS CO/VA/
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354963/000117184324001842/0001171843-24-001842-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354963/000117184324001842/f8ka_040424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-001842
- JSON: https://secwatch.observer/filing/0001171843-24-001842.json
- Plain text: https://secwatch.observer/filing/0001171843-24-001842.txt

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