Company: UZF
Filing Date: 2025-08-04
Form Type: 8-K
Source: 0001104659-25-073368
Chunk: 3

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-04
Form: 8-K
Item: Item 2.01
Chunk 3
---
Item 2.01. Completion of Acquisition or Disposition of Assets

The information provided in the Introduction of this Current Report
on Form 8-K is incorporated into this Item 2.01 by reference.

On August 1, 2025, pursuant to the terms of the Purchase Agreement
and each of the agreements ancillary to the Purchase Agreement, the transactions contemplated by the Purchase Agreement (the “ Transactions”)
were consummated, as described below. As a result of the Transactions, among other things, Array’s wireless operations and select
spectrum assets were sold to Buyer.

The purchase price received by Array at the Closing pursuant to
the Purchase Agreement, after giving effect to adjustments pursuant thereto at Closing, was approximately $4.3 billion in the
aggregate (the “ Adjusted Purchase Price”), with approximately $2.6 billion of the Adjusted Purchase Price being paid in
cash and approximately $1.7 billion of the Adjusted Purchase Price being paid through the acceptance by Buyer in the Exchange Offer
(as defined below) of outstanding Array Notes (as defined below). The Adjusted Purchase Price is subject to a potential post-Closing
adjustment, in cash, as further described in Array’s Current Report on Form 8-K filed with the Securities and Exchange
Commission (the “ SEC”) on May 28, 2024 and in the Purchase Agreement.

As previously disclosed, $400,000,000 of the purchase price provided
in the Purchase Agreement was allocated to certain spectrum licenses (the “ Designated Entity Spectrum Licenses”) held by entities
in which Array now holds 100% of the equity interests. The closing of the sale of the Designated Entity Spectrum Licenses to Buyer occurred
at the Closing and, accordingly, no portion of the purchase price was deferred.

The Transactions were previously described in the Information Statement
filed by Array with the SEC on July 26, 2024.

Array has included as Exhibit 99.1 to this Current Report on Form 8-K
unaudited pro forma condensed consolidated financial information to illustrate the pro forma effects of the Transactions.

Item 3.03 Material Modification to Rights of Security Holders