Beam Global to buy Norway's ScoutDI for $24M base, up to $3.8M in 2026 earn-out

Beam Global

Beam Global agreed Oct 6, 2026 to acquire 100% of ScoutDI AS (Trondheim, Norway; org. no. 920 197 744), a supplier of inspection drones and data solutions for oil & gas and maritime.
$24M Base Purchase Price: 90% cash and 10% in BEEM stock valued at the 5-day VWAP before signing; 15% of the base price ($3.6M) goes into escrow for 18 months.
2026 earn-out target $2.4M: nothing if ScoutDI revenue is below $3.5M, full $2.4M at $3.8M revenue, maximum $3.8M at $4.5M revenue.
2027 earn-out pays $2.00 per $1.00 of revenue above $4.0M; sellers may take earn-outs in cash or BEEM shares.
Deal must close by the Nov 4, 2026 long-stop date and requires ScoutDI audited financials; stock issuance capped at 4,622,400 shares under Nasdaq Rule 5635, issued via Regulation S.

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