secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2023-10-06T23:59:59+00:00
Accession:  0001683168-23-006985
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823006985/0001683168-23-006985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823006985/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006985

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