Company: UZF
Filing Date: 2025-01-23
Form Type: DEFM14C
Source: 0000821130-25-000013
Chunk: 5

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-23
Form: DEFM14C
Chunk 5
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16)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 The Company has agreed to sell the Licenses to AT&T. Pursuant to the Agreement, AT&T will pay the applicable Transaction Consideration, in cash, at the time of the consummation of the AT&T Transactions (each, a “Closing”).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 Required Stockholder Approval for the AT&T Transactions; TDS Written Consent (page14)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 In accordance with Section 228 of the DGCL, the USCC Restated Certificate of Incorporation and the USCC Amended and Restated Bylaws, stockholders of the Company holding a majority of the voting power of the outstanding shares of capital stock of the Company approved, by written consent, the Agreement and the consummation of the AT&T Transactions. As of November 6, 2024, the record date for determining stockholders of USCC entitled to vote on the approval of the Agreement, there were 33,005,877 shares of Series A Common Stock outstanding and 52,348,729 shares of Common Stock outstanding.                                                                                                                                                                                                                                                                                                                                                                                           
 On November 6, 2024, following the execution of the Agreement, TDS, which on such date beneficially owned 33,005,877 shares of Series A Common Stock and 37,782,826 shares of Common Stock, representing approximately 96% of the voting power of the then-outstanding shares of capital stock of the Company in matters other than the election of directors, delivered the Transaction Written Consent. No further action by any other stockholder of the Company is required under applicable law or the Agreement (or otherwise) in connection with the Agreement or the consummation of the AT&T Transactions. As a result, the Company is not soliciting your vote for the approval of the Agreement and will not call a stockholders’ meeting for purposes of voting on the approval of the Agreement or the consummation of the AT&T Transactions. No action by the stockholders of the Company is required to consummate the AT&T Transactions, and all requisite corporate action has been taken. |

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| Members of the USCC Board who are not executive officers of the Company have no interests in the AT&T Transactions apart from their interests as holders of USCC Common Stock. For additional information, please read the section entitled “Interests of Affili