Company: UZF
Filing Date: 2025-01-14
Form Type: PREM14C
Source: 0000821130-25-000007
Chunk: 24

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-14
Form: PREM14C
Chunk 24
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 expectations noted in the above list are based in part on the following factors that the USCC Independent Directors considered (which are presented below in no particular order and which were neither ranked nor weighted in any manner by the USCC Independent Directors and are not exhaustive):

• the USCC Independent Directors’ knowledge and understanding of the Company’s industry, business, operations, assets and liabilities, financial condition, earnings, strategy and future prospects (including the risks involved in achieving such prospects), as well as the Company’s historical and projected financial performance;

• the publicly available financial and stock market data of certain other publicly traded companies in the wireless telecommunications services industry that the USCC Independent Directors, in consultation with the USCC Independent Directors’ independent legal and financial advisors, considered to be comparable to the Company;

• the USCC Independent Directors’ determination that, after taking into consideration the above and other factors, stockholder value is more likely to be increased by effecting the AT&T Transactions than if the Company pursued other strategic alternatives for the Spectrum Assets, including retaining the Spectrum Assets; and

• the USCC Independent Directors’ belief in the likelihood that the AT&T Transactions would be completed based on, among other things, the conditions to closing and the assessment of the USCC Independent Directors, after consulting with outside counsel, of the likelihood of obtaining the Required Regulatory Approvals, and of the termination and remedy provisions under the Agreement in the event that the AT&T Transactions are not completed due to the failure to obtain the Required Regulatory Approvals or otherwise.

The USCC Independent Directors weighed these potentially positive factors against a number of uncertainties, risks and potentially negative factors relevant to the AT&T Transactions, including, among others, the following (which are presented below in no particular order and which were neither ranked nor weighted in any manner by the USCC Independent Directors and are not exhaustive):

• the risk that, while the AT&T Transactions are expected to be completed, there can be no guarantee that all conditions to the parties’ obligations to consummate the AT&T Transactions will be satisfied, and, as a result, it is possible that the AT&T Transactions may not be completed or may only be partially completed;

• the risk and costs to the Company if the AT&T Transactions are not completed, or are only partially completed, and in particular the risk of loss or forfeiture of the Spectrum Assets as a result of the Company not having sufficient operations to protect the assets or the cost the Company would incur to protect the assets;

• the risk of litigation brought in respect of the Agreement or the AT