Beam Global Announces Termination of Agreement to Acquire ScoutDI

Beam Global announced the termination of its Share Purchase Agreement to acquire Norwegian drone technology company ScoutDI on November 6, 2026. The transaction failed to close by the November 4 long-stop date due to unfavorable U.S. public market conditions for micro-cap companies. No financial penalties apply to either party, and ScoutDI will continue operating independently.