ARRAY DIGITAL INFRASTRUCTURE, INC. 8-K

What Happened

• Array Digital Infrastructure, Inc. announced the closing of a previously disclosed sale of select spectrum assets to Verizon Communications Inc. under a License Purchase Agreement dated October 17, 2024. The purchase price received by Array at closing was $1.0 billion in cash on June 1, 2026.
• On the same day (June 1, 2026) Array’s Board declared a special cash dividend of $11.00 per share payable to holders of common stock and Series A common stock, with a record date of June 11, 2026 and a payment date scheduled for June 25, 2026. Array also issued a press release dated June 1, 2026 announcing the closing and related matters.

Key Details

• Sale proceeds: $1.0 billion paid in cash to Array at closing (per License Purchase Agreement dated Oct 17, 2024).
• Special dividend: $11.00 per share to holders of Common Stock and Series A Common Stock.
• Important dates: Record date June 11, 2026; payment date June 25, 2026; closing and press release dated June 1, 2026.
• Filing items: Reported under Item 2.01 (completion of disposition of assets) and Item 8.01 (other events — dividend and press release).

Why It Matters

• The company received $1.0 billion in cash from the spectrum sale and the Board immediately returned capital to shareholders via a material $11.00-per-share special dividend. For investors, this is a concrete cash distribution and a sign of how proceeds from the Verizon transaction are being allocated.
• The filing provides specific timing for who will receive the dividend (record date June 11, payment June 25), which is actionable information for shareholders and prospective buyers. The press release accompanying the 8-K provides additional public disclosure of the transaction and dividend declaration.