On September 22, 2026, Beam Global announced it entered into a non-binding letter of intent to acquire a vertically integrated European drone technology company. The proposed transaction aims to position Beam as a vertically integrated drone and AI-enhanced software manufacturer. If completed, Beam intends to manufacture the target's U.S. Department of War Conditionally Approved Drone System in its existing U.S. facilities, complying with onshoring requirements. The acquisition is subject to due diligence, negotiation, and customary closing conditions, with no assurance that definitive agreements will be executed or the deal closed. Beam Global operates in the sustainable technology sector, developing infrastructure products for energy storage, mobility electrification, and smart city solutions.
