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On February 17, 2026, Newtyn Management disclosed that it increased its stake in Array Digital Infrastructure (AD 2.25%) by buying 350,000 shares, according to an SEC filing dated the same day. The transaction was estimated at $17.3 million based on the average closing price during the quarter.
The filing states that Newtyn Management increased its position in Array Digital Infrastructure by 350,000 shares. The estimated transaction value of $17.3 million was calculated using the average closing price during the quarter.
After the purchase, the fund’s quarter-end stake totaled 1,700,000 shares. The value of the position rose by $23.6 million from the prior period, reflecting both trading activity and stock price movements.
As of February 17, 2026, Array Digital Infrastructure shares were priced at $51.24, down about 25% over the past year. The company’s market capitalization was reported at $4.41 billion.
Revenue (TTM) was listed at $3.77 billion, and the stock closed at $51.24 on February 17, 2026.
Following the disclosure, the filing listed the following top holdings:
Array Digital provides wireless telecommunications services, including voice, messaging, and data, along with wireless devices and accessories. The company also offers tower rental and roaming services.
Revenue is generated through direct and third-party retail sales, device installment contracts, and service subscriptions across consumer, business, and government segments. The company serves customers throughout the United States.
The article describes Array Digital as having shifted toward a tower-focused model after divesting its wireless operations and monetizing spectrum. It cites improvements in recent results from continuing operations, including:
Management guidance cited in the article projects 2026 revenue of $200 million to $215 million, alongside adjusted EBITDA of $200 million to $215 million.
The article also notes capital returns, stating that Array paid a $23 special dividend in 2025 and another $10.25 in early 2026 after closing spectrum transactions.
The article frames Newtyn’s increased position as a bet on improving operating leverage and cash generation, while also pointing out that the stock remains down about 25% over the past year. It emphasizes monitoring tower tenancy growth and capital discipline.
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