Watch for the closing of the ScoutDI acquisition by the November 4, 2026 long-stop date. The key risk is whether Beam can secure the $21.6 million cash component and deliver the required SEC financial statements. Post-close, focus on ScoutDI's 2026 revenue trajectory relative to the $3.5 million earn-out threshold.
Price Chart
Executive Summary
Beam Global agreed to acquire 100% of ScoutDI AS, a Norwegian drone-based industrial inspection company, for a base purchase price of $24 million, payable 10% in stock and 90% in cash, with up to $3.8 million in additional earn-out potential for 2026 and a 2027 earn-out tied to revenue above $4 million. The acquisition diversifies Beam's clean-tech focus into oil & gas and maritime drone inspection services, but the $21.6 million cash component represents a significant capital deployment for a company with a pre-transaction market cap floor of $20 million.
Key Financial Metrics
Key Facts
- Beam Global agreed to acquire 100% of ScoutDI AS for a base purchase price of $24,000,000.
- Consideration is 10% stock (valued at 5-day VWAP before signing) and 90% cash, with 15% of the base price held in escrow for 18 months.
- Sellers can elect additional stock in lieu of cash, subject to a Nasdaq Share Cap of 4,622,400 shares.
- Earn-out: 2026 target earn-out is $2,400,000, with a minimum revenue threshold of $3,500,000 and a maximum of $3,800,000; 2027 earn-out pays $2.00 for each $1.00 of revenue above $4,000,000.
- Closing conditions include receipt of ScoutDI's historical financial statements suitable for SEC filing under Regulation S-X and no material adverse effect.
- Long-stop date for closing is November 4, 2026.
- Shares issued under the agreement will be unregistered, relying on Regulation S exemption.
Financial Impact
$24 million base purchase price plus up to $3.8 million in 2026 earn-out and uncapped 2027 earn-out above $4 million revenue
Risk Factors
- Cash consideration of $21.6 million is material relative to Beam's pre-transaction market cap floor of $20 million, raising financing risk.
- Integration risk: merging a Norwegian drone inspection business into a US clean-tech EV charging company.
- Earn-out structure creates potential for significant future dilution if ScoutDI hits revenue targets, adding up to 4.6 million shares (at current VWAP) plus additional stock elections.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-032264 |
| Document: beem20261007_8k.htm | 0001437749-26-032264 |
| Document: 0001437749-26-032264-index-headers.html | 0001437749-26-032264 |
| Document: 0001437749-26-032264-index.html | 0001437749-26-032264 |
| Document: 0001437749-26-032264.txt | 0001437749-26-032264 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $0.8928 | awaiting T+60 | — | $0.9090 (+1.81%) |
Oct 15, 2026 11d ago | Press Release | $0.9594 | awaiting T+60 | — | $0.9090 (−5.25%) |
Oct 13, 2026 13d ago | Press Release | $1.04 | awaiting T+60 | — | $0.9090 (−12.17%) |
Oct 7, 2026 19d ago | 8-K | $1.08 | awaiting T+60 | — | $0.9090 (−15.83%) |
Oct 1, 2026 25d ago | Press Release | $1.13 | awaiting T+60 | — | $0.9090 (−19.56%) |
Sep 22, 2026 4w ago | 8-K | $1.28 | awaiting T+60 | — | $0.9090 (−28.98%) |
Sep 22, 2026 4w ago | Press Release | $1.28 | awaiting T+60 | — | $0.9090 (−28.98%) |
Sep 17, 2026 5w ago | Press Release | $1.35 | awaiting T+60 | — | $0.9090 (−32.67%) |
Aug 19, 2026 9w ago | Press Release | $1.36 | awaiting T+60 | — | $0.9090 (−33.16%) |
Jul 14, 2026 14w ago | Press Release | $1.06 $1.08 | ▲ +1.89% | ▼ −1.49% | $0.9090 (−14.25%) |
US Market Status
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