Item 8.01 Other Events.

On October 28, 2022, Anterix Inc. (the "Company") entered into an agreement with Xcel Energy Services Inc. ("Xcel Energy") providing Xcel Energy dedicated long-term usage of the Company's 900 MHz spectrum for a term of 20 years throughout the Company's service territory in eight states (the "Xcel Energy Agreement"). The Xcel Energy Agreement also provides Xcel Energy an option to extend the agreement for two 10-year terms for additional payments. The Xcel Energy Agreement allows Xcel Energy to deploy a private LTE network to support its grid modernization initiatives for the benefit of its approximately 3.7 million electricity customers and 2.1 million natural gas customers. Xcel Energy agreed to support ongoing collaborations, including, among other things, the appointment of an Xcel Energy senior executive to the Company's Utility Strategic Advisory Board and technology trials of the Company's spectrum solutions and management services.

The parties obtained all necessary internal approvals prior to executing the Xcel Energy Agreement. The Xcel Energy Agreement is subject to customary provisions regarding remedies, such as termination rights if a party fails to perform its contractual obligations.

The Company issued a press release announcing its entry into the Xcel Energy Agreement and posted a Fact Sheet (the "Fact Sheet") containing additional information regarding the material terms of the Xcel Energy Agreement on the Investor Relations page of its website at: www.investors.anterix.com..

A copy of the press release and Fact Sheet are being filed as Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K, respectively, and each is incorporated herein by reference. The information on or accessible through the Company's website, other than the Fact Sheet, is not incorporated into this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits.

 Exhibit No.      Description
     99.1           Press Release dated October 31, 2022
     99.2           Fact Sheet dated October 31, 2022
     104          Cover Page Interactive Data File (formatted as Inline XBRL)





--------------------------------------------------------------------------------

© Edgar Online, source Glimpses