secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001683168-23-004217
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beam Global to acquire Amiga for EUR 10M cash & stock; Q2 revenue guidance $15.5-17M
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- Binding LOI to acquire all of Amiga DOO, a Serbian maker of steel structures with electronic integration.
- Total consideration: EUR 7M cash (EUR 4.55M at close, EUR 2.45M by Dec 31, 2023) plus EUR 3M in common stock.
- Additional earnout shares tied to 2023 and 2024 revenue milestones (2x net revenue above thresholds).
- Stock issuance capped at 19.99% of outstanding shares; close expected Q3/Q4 2023 subject to diligence.
- Q2 2023 revenue expected $15.5M-$17.0M; 195-205 EV charging units.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823004217/0001683168-23-004217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823004217/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004217

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