secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2026-10-07T11:00:16+00:00
Accession:  0001437749-26-032264
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000143774926032264/0001437749-26-032264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000143774926032264/beem20261007_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-032264

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer