Beam Global (BEEM): M&A transaction — 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.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Beam Global completed an acquisition involving Telcom d.o.o Beograd (through its owners) for EUR 815,298.3636 plus Earnout of up to EUR 250,000 (closed 2024-08-30).

Action: acquisition
Counterparty: Telcom d.o.o Beograd (through its owners)
Consideration: EUR 815,298.3636 plus Earnout of up to EUR 250,000
Closing: 2024-08-30

Exact text from the filing

the amount of cash held by Telcom at closing. Based on Telcom’s cash balance at closing equal to approximately EUR 220,298, Beam paid to the Sellers a purchase price equal to EUR 815,298.3636 which was paid to the Sellers as follows: (i) EUR 430,000 cash and (ii) issued 82,506 shares of Beam common stock to the Sellers. At the closing, Telcom had a positive working

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Source: SEC EDGAR

accession 0001683168-24-006204

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