Beam Global issues unregistered shares under ScoutDI acquisition deal, relying on Regulation S exemption

PUBT · 2d ago
Beam Global issues unregistered shares under ScoutDI acquisition deal, relying on Regulation S exemption
  • 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.
  • Shares will be issued to non-U.S. persons in offshore transactions under Regulation S.


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