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Beam Communications Holdings Limited ( (AU:BCC) ) has issued an update.
Beam Communications Holdings Ltd has appointed Secretariat Advisors, LLC to determine the Fair Market Value of all issued and outstanding shares of Zoleo Inc. as of April 30, 2023. This appointment is part of Beam’s obligation to sell its 50% stake in Zoleo Inc. following an arbitration decision. The valuation report is expected by May 5, 2025, and the payment will be structured in installments, with a priority on returning capital to shareholders. Stakeholders are also informed about the possibility of Roadpost purchasing Beam’s ZOLEO royalties.
More about Beam Communications Holdings Limited
Beam Communications Holdings Limited is an Australian publicly-listed company that specializes in the design, development, manufacture, and distribution of satellite, cellular, and dual-mode equipment applications and services. Its products and services are utilized by major satellite and telecommunications companies globally, and it is known for innovations including the multi-award winning ZOLEO device.
YTD Price Performance: 25.00%
Average Trading Volume: 149,960
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.48M
Learn more about BCC stock on TipRanks’ Stock Analysis page.
