BEEM - Beam Global signs LOI to buy Amiga provides Q2 guidance
2023-06-19 10:52:42 ET
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Beam Global ( NASDAQ: BEEM ) signed a binding letter of intent to acquire European based Amiga DOO Kraljevo for an undisclosed sum, according to a press release from Friday.
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Amiga is an established manufacturer of specialized structures and equipment, producing street lights, communications and energy infrastructure.
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The transaction is pending completion of Beam's due diligence, which will include customary closing conditions, and is expected to be finalized in Q3 or Q4 2023.
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The company also said it forecasted revenue for the three months ended June 30, 2023 to be in a range of $15.5 million to $17.0 million.
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For the three months ended June 30, 2023, Beam expects delivering about 195 to 205 ARC solar-powered EV charging infrastructure systems.
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Additionally, the company also launched an underwritten public offering of shares of its common stock without disclosing the offering size.
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Beam Global signs LOI to buy Amiga, provides Q2 guidance