Beam Global acquires Serbian power electronics firm Telcom for EUR 815K in cash and stock

Beam Global

Purchase price EUR 815,298: EUR 430K cash + 82,506 shares; earnout up to EUR 250K in additional shares based on revenue milestones.
Telcom had ~EUR 500K positive working capital at close; net cash cost to Beam ~EUR 315K.
Telcom reported over EUR 600K revenue in 2023; Beam expects growth in 2024 and cross-selling to Telcom's existing customers.
Acquisition continues Beam's vertical integration strategy after AllCell (2022) and Amiga (2023) acquisitions.
Beam aims to replace third-party power electronics with proprietary solutions to reduce costs and warranty issues.

item 1.01 item 2.01 item 3.02 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.