Beam Global signs multi-year Yuma facility lease

Beam Global has entered into a new lease agreement for two adjacent industrial buildings at 653 and 655 E. 20th Street in Yuma, Arizona, totaling about 54,400 square feet.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

Beam Global has entered into a new lease agreement for two adjacent industrial buildings at 653 and 655 E. 20th Street in Yuma, Arizona, totaling about 54,400 square feet. The space will be used for office, warehouse and manufacturing operations.

The lease term for 653 E. 20th Street runs five years from July 15, 2026 to July 31, 2031, while 655 E. 20th Street runs four years and seven months from January 1, 2027 to July 31, 2031. Monthly base rent starts at $7,810.25 for July 15–31, 2026, then is abated to $0 from August 1 through December 31, 2026, and rises in steps from $27,184.50 to $30,596.39 per month through July 2031.

The company will also pay certain utilities, taxes, insurance and operating costs. The lease includes an exclusive option to purchase the premises, starting at $4,500,000 if exercised in the first 12 months, with the price increasing by 3% annually on each anniversary of the commencement date.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Premises size: 54,400 square feet Initial July 2026 base rent: $7,810.25 per month Rent abatement period: $0.00 base rent +5 more

8 metrics

Premises size 54,400 square feet Total area of Yuma industrial buildings

Initial July 2026 base rent $7,810.25 per month July 15, 2026 – July 31, 2026 period

Rent abatement period $0.00 base rent August 1, 2026 – December 31, 2026

2027 base rent level $27,184.50 per month January 1, 2027 – July 31, 2027

Final base rent level $30,596.39 per month August 1, 2030 – July 31, 2031

Initial purchase option price $4,500,000 If exercised in first 12 months of term

Purchase price escalation 3% annual increase On each anniversary of commencement date

Lease end date July 31, 2031 Expiration for both Yuma properties

Key Terms

Material Definitive Agreement, base rent, abated, option to purchase, +1 more

5 terms

Material Definitive Agreement regulatory

"Item 1.01. Entry into a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

base rent financial

"The aggregate monthly base rent payable under the Lease over the term is set forth below"

The fixed minimum rent a tenant pays under a lease before any extra charges or variable fees; think of it as the subscription price for a space, separate from add‑ons like utilities, maintenance, or a share of property taxes. Investors watch base rent because it sets the predictable, recurring income stream that determines a property's immediate cash flow and helps value the asset, while extras and escalations affect total returns and risk.

abated financial

"August 1, 2026 – December 31, 2026 | $0.00 (abated)"

option to purchase financial

"The Lease grants the Company an exclusive option to purchase the Premises at any time during the term."

operating costs financial

"the Company is responsible for additional payments including a portion of certain utility expenses, taxes, insurance and operating costs."

Operating costs are the regular expenses a business incurs to run day-to-day activities—things like wages, rent, utilities, supplies and routine maintenance. Think of them as a household’s monthly bills that must be paid to keep the lights on and operations moving; lower or well-controlled operating costs free up cash and raise profit margins, while rising costs squeeze profits and can change an investment’s appeal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What new facility lease did BEEM enter into in June 2026?

Beam Global entered a lease for two adjacent industrial buildings in Yuma, Arizona totaling about 54,400 square feet, to support office, warehouse and manufacturing operations under multi‑year terms ending July 31, 2031.

What are the key lease terms for Beam Global’s Yuma properties (BEEM)?

The 653 E. 20th Street lease runs from July 15, 2026 to July 31, 2031. The 655 E. 20th Street lease runs from January 1, 2027 to July 31, 2031, with scheduled base rent increases over the term.

How much rent will Beam Global (BEEM) pay under the new Yuma lease?

Monthly base rent is $7,810.25 for July 15–31, 2026, then $0 from August 1 to December 31, 2026. It then ranges from $27,184.50 to $30,596.39 per month through July 31, 2031.

Does Beam Global’s new lease include a purchase option for the Yuma site?

Yes. Beam Global has an exclusive option to purchase the premises for $4,500,000 if exercised in the first 12 months, with the purchase price increasing by 3% on each anniversary of the commencement date.

What additional costs besides base rent will BEEM pay for the Yuma facilities?

In addition to fixed base rent, Beam Global is responsible for certain utility expenses, taxes, insurance and operating costs associated with the Yuma premises, adding to the overall occupancy cost of the facilities.

Why is Beam Global (BEEM) leasing the Yuma, Arizona properties?

Beam Global intends to use the leased premises in Yuma, Arizona for office, warehouse and manufacturing operations, expanding its physical footprint to support its business activities over the multi‑year lease term.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 06/24/2026 - 05:27 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): June 17, 2026

BEAM GLOBAL

(Exact Name of Registrant as Specified in Charter)

Nevada		000-53204		26-1342810
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

5660 Eastgate Drive, San Diego, CA	92121
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (858) 321-2223

___________________________________________________

(Former name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		BEEM		NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On June 17, 2026, Beam Global (the “Company”) entered into a Lease Agreement with Ron L. and Jacqueline S. Reynolds Family Trust (the “Landlord”), for two adjacent industrial buildings located at 653 & 655 E. 20^th Street, Yuma, Arizona (the “Premises”). The Company intends to use the Premises for office, warehouse and manufacturing operations.

The Premises consist of a total of approximately 54,400 square feet. The term of the Lease with respect to 653 E. 20th Street is five (5) years, commencing on July 15, 2026, and expiring on July 31, 2031. The term of the Lease with respect to 655 E. 20th Street is four (4) years and seven (7) months, commencing on January 1, 2027, and expiring on July 31, 2031.

The aggregate monthly base rent payable under the Lease over the term is set forth below:

Period	Total Monthly Base Rent
July 15, 2026 – July 31, 2026	$7,810.25
August 1, 2026 – December 31, 2026	$0.00 (abated)
January 1, 2027 – July 31, 2027	$27,184.50
August 1, 2027 – July 31, 2028	$28,000.04
August 1, 2028 – July 31, 2029	$28,840.04
August 1, 2029 – July 31, 2030	$29,705.24
August 1, 2030 – July 31, 2031	$30,596.39

Monthly base rent attributable to 653 E. 20th Street is abated for the period from August 1, 2026 through December 31, 2026. In addition to the fixed rent amounts, the Lease Agreement provides that the Company is responsible for additional payments including a portion of certain utility expenses, taxes, insurance and operating costs.

The Lease grants the Company an exclusive option to purchase the Premises at any time during the term. The purchase price is $4,500,000 if the option is exercised during the first twelve (12) months of the term, increasing by three percent (3%) on a cumulative annual basis on each anniversary of the commencement date thereafter.

A copy of the Lease Agreement is attached hereto as Exhibit 10.1. The foregoing description of the Lease Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease Agreement and is incorporated by reference herein.

Item 2.03.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated by reference herein.

Item 9.01.

Financial Statements and Exhibits.

(d)

Exhibits

Exhibit Number		Description
10.1		Lease Agreement dated June 17, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BEAM GLOBAL

Dated: June 24, 2026	By:	/s/ Lisa A. Potok
	Name:	Lisa A. Potok
	Title:	Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 EXHIBIT 10.1 267.7 KB