8-K - Anterix Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Anterix Inc. announced a $3.2 million spectrum license sale agreement with Texas-New Mexico Power for 900 MHz broadband covering portions of Brazoria and Galveston counties in Texas.

Key Takeaways

1PDV Spectrum Holding Company, LLC sold 6 MHz 900 MHz broadband spectrum (936.5-939.5 MHz paired with 897.5-900.5 MHz) to TNMP.

2Total contract price of $3.2 million with payments: $1.6M due 30 days after signing, $800K on Phase 1 delivery in 2027, $800K on Phase 2 by Dec 31, 2028.

3Anterix commits to clear incumbents and collaborate on securing FCC broadband licenses for TNMP.

4Phased delivery: Phase 1 (two 1.4x1.4 MHz channels) in 2027, full 6 MHz in Phase 2 by 2028.

5Separate MOU for potential future purchases of Anterix deployment accelerators like CatalyX and TowerX.

6TNMP serves over 280,000 customers as subsidiary of TXNM Energy.

Current Report Details

Event Type

Other Event

Exhibits Only

Disclosure

Voluntary

Variant

8-K

Items Reported

8.01

Other Events. On March 25, 2026, Anterix Inc. (the “Company”) announced that its wholly-owned subsidiary, PDV Spectrum Holding Company, LLC (“PDV”), entered int

Other Event

9.01

. Financial Statements and Exhibits. (d) Exhibits. Exhibit No.: 99.1 | Description: Press Release dated April 1 , 2026 Exhibit No.: 99.2 | Description: Fact She

Exhibits Only

Source Document

Transaction Details

Material Agreement

Agreement: TNMP Agreement
Parties: PDV Spectrum Holding Company, LLC, Texas-New Mexico Power (TNMP)

•Sale of 6 MHz 900 MHz broadband spectrum covering portions of Brazoria and Galveston counties, Texas
•Total price $3.2 million payable in phases: $1.6M within 30 days, $800K on Phase 1 (2027), $800K on Phase 2 (by Dec 31, 2028)
•Anterix to clear incumbents and work with TNMP to secure FCC broadband licenses
•Subject to FCC license grant; includes refund and termination remedies
•Separate MOU for CatalyX device, connectivity platform, TowerX service, and potential collaborations

Exhibits (3)

8-K

99.1

EX-99.1

99.2

EX-99.2