• Telephone and Data Systems submitted a non-binding proposal dated May 7 to buy remaining Array Digital Infrastructure common shares it does not already own.
• TDS holds about 81.9% of outstanding capital stock, representing 95.9% of voting interests.
• Array board formed a special committee of three independent directors to evaluate, negotiate, or reject proposal.
• Proposal conditions include special committee support plus approval by a majority of votes cast by disinterested stockholders.
• Special committee has not reached a decision.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Array Digital Infrastructure Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG54746) on May 08, 2026, and is solely responsible for the information contained therein.