Beam Global agrees to buy Norwegian drone firm ScoutDI for $24 million base price
Beam Global signed an agreement on October 6, 2026 to acquire all shares of ScoutDI AS, a Norwegian company that develops and supplies drones and planning, analysis and reporting solutions to industrial inspection providers in oil and gas and maritime sectors. The base price is $24,000,000 payable at closing, partly in Beam Global stock and partly in cash, with additional earn-out payments tied to ScoutDI revenue for 2026 and 2027.
Key points
- Base purchase price of $24,000,000, subject to customary post-closing adjustments; 90% cash and 10% in common stock, with 15% of the base price held in escrow for 18 months
- Possible 2026 earn-out of up to $3,800,000 based on ScoutDI revenue, with 2027 earn-out eligibility above $4,000,000 of revenue
- Closing is subject to conditions including receipt of ScoutDI financial statements for SEC reporting; either side may terminate if closing has not occurred by November 4, 2026
- Shares to be issued to non-U.S. persons under Regulation S and not registered under the Securities Act
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.