Beam Global terminated its Share Sale and Purchase Agreement to acquire all shares of Norwegian company ScoutDI because the transaction did not close by the November 4, 2026 deadline. The parties mutually agreed not to extend the date due to unfavorable conditions in U.S. public markets. No termination fee is payable, and no cash or stock will change hands. Beam Global and ScoutDI intend to explore alternative commercial arrangements, such as manufacturing drone systems for the U.S. market or distributing products through Beam's global network, though no definitive agreements have been signed. Beam Global develops and sells autonomous mobile robots and related software solutions.
