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The latest announcement is out from Beam Communications Holdings Limited ( (AU:BCC) ).
Beam Communications Holdings Ltd has issued a notice of dispute to Roadpost Inc. under their Settlement Agreement concerning the transfer of legal title to Device Technology to ZOLEO Inc. Beam finds the terms proposed by Roadpost to be commercially unreasonable, particularly regarding warranties and indemnities, posing risks to the company and its shareholders. The parties are required to resolve the dispute in good faith by 27 September 2025, failing which it may proceed to arbitration. This dispute is separate from another arbitration notice announced by Beam.
More about Beam Communications Holdings Limited
Beam Communications Holdings Limited is an Australian publicly-listed company specializing in the design, development, sub-contract manufacture, and distribution of satellite, cellular, and dual-mode equipment applications and services. The company has developed several world-first innovations and its products and services are used by major satellite and telecommunications companies like Iridium, Telstra, KDDI, Inmarsat, and Thuraya. Beam also developed the ZOLEO device, which generates recurring subscription revenues.
Average Trading Volume: 101,825
Technical Sentiment Signal: Buy
Current Market Cap: A$11.67M
See more data about BCC stock on TipRanks’ Stock Analysis page.