BEEM news

Beam Global agreed to acquire ScoutDI AS for $30 million plus $30 million in earn-out payments. The deal includes the assumption of a $2.0 million loan and other working capital items, expanding Beam's presence in the drone sector.

Beam Global entered a non-binding Letter of Intent to acquire a vertically integrated European drone company to expand its defense and infrastructure solutions and manufacture U.S.-compliant systems.

Beam Global entered into a lease agreement with the Reynolds Family Trust for two industrial buildings in Yuma, AZ. The total value due upon execution was $26,953.31, including a security deposit.