Beam Global Announces Proposed Acquisition of European Drone Tech Firm

What Happened

• On September 22, 2026, Beam Global (BEEM) announced via press release that it entered into a non‑binding letter of intent to acquire a European drone technology company. The press release is attached to the 8‑K as Exhibit 99.1. The proposed transaction remains subject to due diligence, negotiation and execution of definitive agreements and other customary closing conditions, and there is no assurance the deal will be completed.

Key Details

• Filing date: September 22, 2026 (8‑K Item 8.01 — Other Events).
• Transaction status: Non‑binding letter of intent — not a definitive agreement.
• Target: Described as a European drone technology company (name and financial terms not disclosed).
• Conditions: Subject to due diligence, negotiation, execution of definitive agreements and customary closing conditions; completion is not assured.

Why It Matters

• The 8‑K signals Beam is exploring an acquisition that could expand its technology or geographic footprint, but investors should note the proposal is preliminary and non‑binding. Because no terms, target identity, or financial impacts were disclosed, there is currently no concrete information on how the potential deal would affect Beam’s revenues, expenses, or capital structure. Investors should watch for future filings or press releases with definitive agreements, material terms, or required disclosures.