Beam Global issues unregistered shares for ScoutDI acquisition

Beam Global disclosed an unregistered issuance of common stock tied to its planned $24 million acquisition of Norway-based drone firm ScoutDI. Deal terms call for 10% of the base purchase price in stock, priced at a five-day VWAP, with the balance in cash. Sellers can elect more stock instead of cash, subject to a Nasdaq Listing Rule 5635 share-issuance cap.