secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K/A
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001683168-23-007743
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 Amiga acquisition, forms Beam Europe; EUR 7M cash + 452K shares
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- Paid EUR 4.55M at closing; EUR 2.45M due by Dec 31, 2023; issued 293,675 shares + 158,132 future shares.
- Amiga reported >EUR 8.5M revenue in 2022, positive cash flow, ~210 employees in Serbia.
- Earnout: up to 2x revenue above EUR 13.5M in 2024 and 2x above EUR 18.225M or 135% of 2024 revenue in 2025.
- Acquisition marks entry into EU market; Amiga will be rebranded as Beam Europe.
- CEO expects deal to be accretive; Amiga's manufacturing and engineering team boosts capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823007743/0001683168-23-007743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823007743/beam_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-007743

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