Beam Global Announces Termination of Agreement to Acquire ScoutDI

SAN DIEGO, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for energy storage and security, electrification of mobility, and smart city infrastructure, announces that the Share Purchase Agreement for the acquisition of Norwegian drone technology company ScoutDI, announced on October 7, 2026, has been terminated. The transaction did not close by the agreed long-stop date of November 4, 2026, as a result of current unfavorable conditions in the U.S. public markets.