Uniti Stockholders Approve Merger with Windstream

Uniti Group Inc.'s stockholders have approved a proposed merger with an affiliate of Windstream Holdings II, LLC. The vote saw over 90% of the shares present support the merger, which entails an affiliate of Windstream merging with Uniti. As a result, Uniti will become an indirect, wholly owned subsidiary of Windstream Parent, Inc., which will be renamed Uniti Group Inc. and listed on the Nasdaq under the symbol UNIT. Uniti stockholders will own 62% of the combined company's common stock, while Windstream shareholders will receive $425 million in cash, $575 million in preferred stock, and 38% of the common stock. They will also receive non-voting warrants for up to 6.9% of common stock. This merger, expected to close in the second half of 2025 pending regulatory approval, aims to enhance operations and explore synergies. Uniti, a leading provider of fiber and wireless solutions, holds a significant stake in communication infrastructures across the U.S. Forward-looking statements regarding the merger outline potential benefits, risks, and future operation strategies but also acknowledge the uncertainties involved.