Beam Global Terminates ScoutDI Acquisition Due to Market Conditions

Beam Global announced the termination of the Share Purchase Agreement for the acquisition of Norwegian drone technology company ScoutDI, initially announced on October 7, 2026. The transaction did not close by the long-stop date of November 4, 2026, primarily due to unfavorable conditions in the U.S. public markets, particularly for micro caps. Consequently, ScoutDI will remain an independent company, and no fees or penalties are due from either party. Beam Global's CEO expressed continued admiration for ScoutDI's technology and team.