secwatch.observer — SEC 8-K summary
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Issuer:     Anterix Inc. (ATEX)
CIK:        0001304492
Form:       8-K
Filed at:   2023-11-27T23:59:59+00:00
Accession:  0001304492-23-000064
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Anterix signs $34.5M, 20-year spectrum deal with Tampa Electric for private LTE
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- Tampa Electric gets exclusive use of 6 MHz of 900 MHz broadband spectrum in ~2,000 sq mi West Central Florida territory.
- Initial term 20 years with two optional 10-year extensions (up to 40 years total).
- $34.5 million prepayment for initial term due by mid-2025; ~$7M by end of FY2024, remainder after spectrum delivery.
- Spectrum delivery begins FY2025; revenue recognition on straight-line basis starting FY2025.
- Anterix expects to recognize revenue from TECO agreement starting fiscal year 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1304492/000130449223000064/0001304492-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1304492/000130449223000064/atex-20231122.htm
  HTML page:      https://secwatch.observer/filing/0001304492-23-000064

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