secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001683168-23-007358
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beam Global closes acquisition of Amiga for EUR 7M cash plus stock, creates Beam Europe
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- Acquired Amiga DOO Kraljevo (Serbia) for EUR 7M total consideration: EUR 4.55M cash at close, EUR 2.45M by Dec 31, plus 277,383 shares and additional 149,360 shares.
- Amiga will be rebranded as Beam Europe; 2022 revenue > EUR 8.5M, positive cash flow, 210 employees, serves 16 nations.
- Earnout: sellers eligible for additional shares if Amiga revenue exceeds EUR 13.5M in 2024 or EUR 18.225M in 2025.
- Acquisition expected to be accretive and fast-track European market entry given EU zero-emission mandates by 2035.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823007358/0001683168-23-007358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823007358/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-007358

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