secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001683168-24-001054
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824001054/0001683168-24-001054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824001054/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001054

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