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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 26, 2025
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) 261-7646
___________________________________________________
(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 26, 2025, Beam Global (the “Company”)
entered into a Lease Extension Agreement (the “Extension Agreement”) with PNN Holdings, LP (the “Landlord”), relating
to the Company’s headquarters located at 5660 Eastgate Drive, San Diego, CA 92121. Under the Extension Agreement, the term of the
existing lease, originally dated February 7, 2020, is extended for an additional six (6) months, commencing on September 1, 2025, and
expiring on February 28, 2026. During the extension term, the monthly base rent will be $62,400, plus additional rent of $9,080 for common
area maintenance and other NNN charges, for a total monthly payment of $71,480. The Extension Agreement also grants the Landlord the right
to terminate the lease at any time on or after November 1, 2025, upon sixty (60) days’ prior written notice to the Company. Except
as modified by the Extension Agreement, the terms and conditions of the original lease remain in full force and effect.
The foregoing description of the Extension
Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Extension Agreement which
is attached hereto as Exhibit 10.1, and incorporated in Item 1.01 of this Current Report on Form 8-K by reference.
| Item 9.01. |
Financial Statements and Exhibits. |
|
Exhibit
Number |
|
Description |
| 10.1 |
|
Lease Extension Agreement dated June 26, 2025 |
| 104 |
|
Cover Page Interactive Data File (formatted in iXBRL) |
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: July 2, 2025 |
By: |
/s/ Lisa A. Potok |
| |
Name: |
Lisa A. Potok |
| |
Title: |
Chief Financial Officer |
