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.
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.
For the three months ended June 30, 2023, Beam expects delivering about 195 to 205 ARC solar-powered EV charging infrastructure systems.
Additionally, the company also launched an underwritten public offering of shares of its common stock without disclosing the offering size.
