---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-006985"
form_type: "8-K"
ticker: "BEEM"
cik: "0001398805"
company_name: "Beam Global"
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:19:32.765378+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Beam Global signs definitive agreement to acquire Amiga DOO Kraljevo for up to €10M plus earnouts

## Summary
- Total base purchase price of ~€10M: €7M cash + €3M in Beam common stock, payable at closing and by Dec 31, 2023.
- Sellers eligible for additional earnout shares if Amiga's 2024 operating revenue exceeds €18.225M or 2025 revenue exceeds 135% of 2024.
- Stock issuance capped at 19.99% of outstanding shares; share price based on VWAP prior to closing or earnout measurement period.
- Closing subject to customary conditions, including no material adverse change and execution of employment agreements with key employees.
- Transaction expected to close in the fourth calendar quarter of 2023.

## SEC filing metadata
- accession: 0001683168-23-006985
- form_type: 8-K
- ticker: BEEM
- cik: 0001398805
- company_name: Beam Global
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1398805/000168316823006985/0001683168-23-006985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1398805/000168316823006985/beam_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-006985
- JSON: https://secwatch.observer/filing/0001683168-23-006985.json
- Plain text: https://secwatch.observer/filing/0001683168-23-006985.txt

## Key facts
- Material Agreements
  Beam Global entered into Share Sale and Purchase Agreement with all of the owners (the "Sellers") of Amiga DOO Kraljevo valued at EUR 4,550,000 at closing (effective 2023-10-06).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: all of the owners (the "Sellers") of Amiga DOO Kraljevo
  - Value: EUR 4,550,000 at closing
  - Effective: 2023-10-06
  source text: On October 6, 2023, Beam and the Sellers agreed to a definitive agreement based on the terms and conditions contained in the LOI and entered into a Share Sale and Purchase Agreement (“Purchase Agreement”) to effect the Transaction.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1398805/000168316823006985/0001683168-23-006985-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.