Beam Global Signs Definitive $24M Deal to Acquire Norwegian Drone Maker ScoutDI
BEEM is trading near its 52-week low of $0.965 (15% above the low) on light trading volume (0.2× avg).
Summary
Beam Global signed a definitive agreement to acquire Norwegian drone maker ScoutDI AS for $24 million, converting its September LOI into a binding deal with earn-outs and a November 4 closing deadline.
Updates
· Dow Jones Newswires — The definitive agreement converts the September letter of intent into a binding deal, creating a vertically integrated U.S. drone platform for industrial and defense markets.
Key Events · M&A and Partnerships · BEEM
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Definitive Acquisition Agreement Signed
Beam Global entered a Share Sale and Purchase Agreement on October 6, 2026 to acquire 100% of ScoutDI AS, a Norwegian drone technology company, for a base purchase price of $24 million.
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Consideration Structure
Base purchase price payable 10% in Beam Global common stock (valued at the 5-day VWAP before signing) and 90% in cash, with 15% held in escrow for 18 months. Sellers may elect additional stock, capped at 4,622,400 shares under Nasdaq rules.
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Earn-Out Terms
Sellers can earn up to $3.8 million for FY2026 based on ScoutDI revenue thresholds ($3.5M to $4.5M), and $2.00 per $1.00 of revenue above $4.0 million for FY2027.
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Closing Deadline and Financing Risk
Closing is subject to customary conditions and must occur by November 4, 2026. Beam Global must secure funding for the cash portion, a notable risk given its reliance on ATM financing and recent revenue volatility.
Analysis · BEEM · Manufacturing
Beam Global converted its September 22 non-binding letter of intent into a definitive agreement to acquire ScoutDI AS, a Norwegian drone technology company serving oil and gas and maritime inspection markets. The $24 million base purchase price is roughly equal to Beam Global's entire market capitalization of about $25 million, making this a transformative acquisition. The deal is structured as 10% stock and 90% cash, with sellers able to elect more stock, and includes earn-outs tied to ScoutDI's 2026 and 2027 revenue. Closing is expected by November 4, 2026, subject to Beam Global securing financing for the cash portion — a meaningful risk given the company's reliance on its ATM facility and recent revenue volatility.
How filings like this one have moved
In the 30 days to Oct 7, 2026, 36.1% of the 1056 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BEEM was trading at $1.11 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $25.1M. The 52-week trading range was $0.97 to $4.04. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.