ARRAY DIGITAL INFRASTRUCTURE, INC. 8-K

What Happened

• Array Digital Infrastructure, Inc. announced on January 13, 2026 that it completed the previously announced sale of select spectrum assets to New Cingular Wireless PCS, LLC (AT&T) under a November 6, 2024 License Purchase Agreement. Array received $1.018 billion in cash at closing.
• On the same date, Array’s board declared a special cash dividend of $10.25 per share payable to holders of common stock and Series A common stock, with record date January 23, 2026 and payment date February 2, 2026.

Key Details

• Buyer: New Cingular Wireless PCS, LLC (AT&T).
• Cash received at Closing: $1.018 billion (no portion deferred).
• $232 million of the purchase price was allocated to certain 700 MHz "Designated Entity" spectrum licenses held by entities now 100% owned by Array; those licenses were sold to AT&T at Closing.
• Special dividend: $10.25 per share; record date Jan 23, 2026; payment date Feb 2, 2026. Press release dated Jan 13, 2026 was furnished as Exhibit 99.1.

Why It Matters

• The transaction is a material asset sale that brought $1.018 billion in cash to Array at closing, which is a significant one-time cash inflow for the company.
• The board’s $10.25 per-share special dividend returns a large portion of proceeds directly to shareholders and is an immediate financial benefit to holders of common and Series A common stock.
• Investors should note the facts provided (sale price, allocation to 700 MHz licenses, dividend dates); further financial effects (e.g., balance sheet or future capital allocation) were not detailed in this 8-K.