Business Context and Reporting Period
Company: Anterix Inc. (ATEX)
Filing Type: Form 8-K (Current Report)
Date of Report: April 21, 2026
Reporting Period: Event-specific report dated April 21, 2026.
The Company announced that its wholly-owned subsidiary, PDV Spectrum Holding Company, LLC ("PDV"), entered into a spectrum license sale agreement with Public Utility District No.1 of Benton County ("Benton PUD").
Key Financial Metrics
This filing is an event report and does not contain audited financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. The filing text does not provide a clear value for these financial indicators.
Material Changes and Event Details
- Transaction: Sale of a 10MHz 900 MHz spectrum broadband license covering Benton County, Washington.
- Counterparty: Public Utility District No.1 of Benton County.
- Condition Precedent: The sale is contingent upon the issuance by the Federal Communications Commission (FCC) of a broadband license transferable from the Company to Benton PUD.
- Agreement Name: The "Benton Agreement."
Guidance, Outlook, and Risks
Management Commentary: The Company issued a press release and a Fact Sheet regarding the material terms of the Benton Agreement, which are filed as Exhibits 99.1 and 99.2.
Risks and Contingencies: The transaction is subject to regulatory approval. The agreement is effective only following the issuance of a transferable broadband license by the FCC.
Investor Verification Checklist
- Verify the status of the FCC broadband license transfer application.
- Review the material terms of the Benton Agreement in the attached Fact Sheet (Exhibit 99.2).
- Confirm the closing conditions and timeline for the spectrum license sale.
- Assess the impact of this asset sale on the Company's future revenue streams and balance sheet.