Company: UZF
Filing Date: 2025-01-14
Form Type: PREM14C
Source: 0000821130-25-000006
Chunk: 15

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-14
Form: PREM14C
Chunk 15
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 alternatives regarding the Company. On May 24, 2024, the Company and TDS entered into the T-Mobile Agreement to sell the Company’s wireless operations and select spectrum assets to T-Mobile. Upon announcement of the T-Mobile Transaction, the Company also announced that it would seek to opportunistically monetize the Retained Spectrum.

On October 17, 2024, at a meeting of the USCC Independent Directors, the USCC Independent Directors, acting with the advice and assistance of its own independent legal and financial advisors, considered and evaluated the Agreement, and the other agreements contemplated by the Agreement (collectively, the “

#### Transaction Documents
”), and the Verizon Transaction and unanimously: (a) determined that the entry into the Transaction Documents and the consummation of the Verizon Transaction are advisable, expedient and in the best interests of the Company and its stockholders (including Company stockholders other than TDS), (b) directed that the Transaction Documents be submitted to the USCC Board for approval and (c) recommended to the USCC Board that it approve the Transaction Documents, approve the Verizon Transaction and recommend the approval of the Verizon Transaction to the stockholders of the Company.

Also on October 17, 2024, the USCC Board, acting upon the unanimous recommendation of the USCC Independent Directors, (a) determined that the Verizon Transaction, on the terms and subject to the conditions set forth in the Agreement, were advisable and in the best interests of the Company and its stockholders, (b) approved the Agreement, the execution and delivery by the Company of the Agreement, the performance by the Company and its subsidiaries, as applicable, of their obligations contained therein and the consummation of the Verizon Transaction, on the terms and subject to the conditions contained in the Agreement and (c) resolved to recommend approval of the Agreement and the Verizon Transaction to the Company’s stockholders in accordance with the DGCL.

On October 17, 2024, effective following the execution and delivery 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 Written Consent approving, authorizing and ratifying the License Purchase Agreement and the consummation of the Verizon Transaction.

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In arriving at their