---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-001054"
form_type: "8-K"
ticker: "BEEM"
cik: "0001398805"
company_name: "Beam Global"
filed_at: "2024-02-16T23:59:59+00:00"
generated_at: "2026-06-06T00:11:03.918038+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Beam Global amends earnout terms for Amiga acquisition, removes service requirement

## Summary
- Removed service requirement for sellers to receive earnout consideration from Amiga acquisition.
- Earnout milestones: FY2024 revenue > EUR 13.5M; FY2025 > greater of EUR 18.225M or 135% of 2024.
- Amendment executed Feb 16, 2024, by Beam and sellers Ivan Tlačinac and Jelena Spasojević.
- Acquisition of Amiga completed Oct 20, 2023; earnout originally required sellers be providing services.

## SEC filing metadata
- accession: 0001683168-24-001054
- form_type: 8-K
- ticker: BEEM
- cik: 0001398805
- company_name: Beam Global
- filed_at: 2024-02-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1398805/000168316824001054/0001683168-24-001054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1398805/000168316824001054/beam_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-001054
- JSON: https://secwatch.observer/filing/0001683168-24-001054.json
- Plain text: https://secwatch.observer/filing/0001683168-24-001054.txt

## Key facts
- Material Agreements
  Beam Global amended Purchase Agreement with the two owners of Amiga (the "Sellers") (effective 2024-02-16).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: the two owners of Amiga (the "Sellers")
  - Effective: 2024-02-16
  source text: OO Kraljevo (“Amiga”) , pursuant to a Share Sale and Purchase Agreement dated October 6, 2023 (the “Purchase Agreement”) by and among Beam and the two owners of Amiga (the “Sellers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1398805/000168316824001054/0001683168-24-001054-index.htm

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