secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001683168-24-006204
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824006204/0001683168-24-006204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824006204/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-006204

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