secwatch.observer — SEC 8-K summary
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Issuer:     Anterix Inc. (ATEX)
CIK:        0001304492
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001304492-23-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Anterix FY2023: $80M Xcel lease, 14 utilities high-intent, $100.8M proceeds due FY2024
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- Cash $43.2M, signed $80M spectrum lease with Xcel Energy ($8M received Dec 2022).
- Exchanged narrowband for broadband in 84 counties; recorded $38.4M gain on exchange.
- Cash used from ops $27.3M including $8.2M customer receipts; clearing costs $25M.
- $100.8M contracted cash proceeds due in FY2024; pipeline >$3B total potential.
- 14 utilities above DI threshold represent ~$800M in potential proceeds; 14 added 25 DI indicators.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1304492/000130449223000029/0001304492-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1304492/000130449223000029/atex-20230614.htm
  HTML page:      https://secwatch.observer/filing/0001304492-23-000029

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