Brief: Beam Global Enters Into Binding Letter Of Intent To Acquire 100% Of Equity Of Amiga

Beam Global

16/06/2023 22:26

June 16 (Reuters) - Beam Global  BEEM.O :
    * BEAM GLOBAL - ON JUNE 12, ENTERED INTO BINDING LETTER OF
INTENT
WITH ALL OF OWNERS OF AMIGA DOO KRALJEVO TO ACQUIRE 100% OF
EQUITY OF AMIGA
    * BEAM GLOBAL - WILL ACQUIRE ALL EQUITY STOCK OF AMIGA FROM
SELLERS IN EXCHANGE FOR CASH AND BEAM COMMON STOCK
    * BEAM GLOBAL - WILL PAY TO SELLERS EUR 4.55 MILLION AT
CLOSING
AND EUR 2.45 MILLION ON OR BEFORE DECEMBER 31
    * BEAM GLOBAL - ANTICIPATE REVENUE FOR THREE MONTHS ENDED
JUNE 30,
2023 TO BE IN RANGE OF $15.5 MILLION TO $17.0 MILLION
    * BEAM GLOBAL - FOR THREE MONTHS ENDED JUNE 30, 2023,
ANTICIPATE
DELIVERING ABOUT 195 TO 205 EV CHARGING UNITS TO CUSTOMERS
    * BEAM GLOBAL- TO ISSUE TO SELLERS AT DEAL CLOSING SUCH
NUMBER OF
SHARES OF BEAM COMMON STOCK EQUAL TO EUR 1.95 MILLION
    * BEAM GLOBAL- TO ISSUE TO SELLERS ON OR BEFORE DEC 31 SUCH
NUMBER
OF SHARES OF BEAM COMMON STOCK EQUAL TO EUR 1.1 MILLION

Further company coverage:  BEEM.O 

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