Company: UZF
Filing Date: 2025-01-14
Form Type: PREM14C
Source: 0000821130-25-000006
Chunk: 18

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-14
Form: PREM14C
Chunk 18
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 Agreement and the Verizon Transaction; and

• the terms and conditions of the License Purchase Agreement, as discussed in more detail in the section entitled “ The License Purchase Agreement .”

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The beliefs and 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 Verizon Transaction 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 Verizon Transaction 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 Verizon Transaction is 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 Verizon Transaction, 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 Verizon Transaction is expected to be completed, there can be no guarantee that all conditions to the parties’ obligations to consummate the Verizon Transaction will be satisfied, and, as a result, it is possible that the Verizon Transaction may not be completed or may only be partially completed;

• the risk and costs to the Company if the Verizon Transaction is not completed, or is only partially completed, and in particular the risk of loss or forfeiture of the Spectrum Assets as