secwatch.observer — SEC 8-K summary
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Issuer:     SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK:        0000354963
Form:       8-K/A
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001171843-24-001842
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354963/000117184324001842/0001171843-24-001842-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354963/000117184324001842/f8ka_040424.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001842

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