Beam Global And Sellers Entered Into A Share Sale And Purchase Agreement To Effect Transaction For Co To Acquire 100% Of Equity Of Amiga, Located In Serbia And Engaged In The Manufacturing And Distribution Of Steel Structures With Electronic Integration
Portfolio Pulse from Benzinga Newsdesk
Beam Global has entered into a definitive agreement to acquire 100% of the equity of Amiga, a Serbian company engaged in the manufacturing and distribution of steel structures with electronic integration. The transaction will be effected through a Share Sale and Purchase Agreement, with Beam paying a combination of cash and Beam common stock to the sellers. The transaction is expected to close in Q4 2023, subject to customary conditions.
October 06, 2023 | 1:00 pm
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NEUTRAL IMPACT
Beam Global's acquisition of Amiga could potentially expand its product portfolio and market reach, potentially leading to increased revenues in the future. However, the transaction's impact on Beam's stock price in the short term is uncertain.
The acquisition of Amiga could potentially expand Beam Global's product portfolio and market reach, which could lead to increased revenues in the future. However, the impact of this acquisition on Beam's stock price in the short term is uncertain, as it would depend on various factors including investor sentiment, market conditions, and the company's future performance post-acquisition.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100