tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Beam Communications Issues Dispute Notice to Roadpost Inc.

Story Highlights
Beam Communications Issues Dispute Notice to Roadpost Inc.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1