BCC.ASX: Secretariat Releases Second Draft Valuation Report for Zoleo

Secretariat Releases Second Draft Valuation Report for Zoleo

Stock	Beam Communications Holdings Ltd (BCC.ASX)
Release Time	7 Jul 2025, 8:55 a.m.
Price Sensitive	Yes

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Beam Communications receives second draft Zoleo valuation report

Key Points

Secretariat Advisors released second draft valuation report for Zoleo joint venture
Beam and Roadpost have until July 17 to review and provide comments on the report
Final valuation report expected in mid-August, with Roadpost's first payment due 30 days after

Full Summary

Beam Communications Holdings Limited (ASX: BCC) has received the second draft valuation report from the independent valuer, Secretariat Advisors, LLC, for the Zoleo Inc. joint venture (JV). The final report on the valuation of the Zoleo JV is expected to be released in mid-August. Beam and its JV partner, Roadpost Inc. ('Roadpost'), have until July 17 (AEST) to review and submit comments on the second draft report to Secretariat. Following this, Secretariat may take up to 30 days to release the complete and final valuation report. Roadpost will then be due to make the first payment, which is 25% of the valuation amount for Beam's 50% share in the JV, 30 days after the release of the final valuation, expected to be on September 15. Additionally, Roadpost will pay Beam approximately US$2.6 million under a separate Settlement Agreement, announced on May 13, 2025. This payment is expected to be received in December this year, based on the above timeline.