STOCK TITAN

[8-K] Beam Global Warrant Reports Material Event

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Beam Global (NASDAQ: BEEM) filed an 8-K to disclose that, on June 26 2025, it signed a Lease Extension Agreement for its headquarters at 5660 Eastgate Drive, San Diego. The existing February 7 2020 lease is extended six months, running Sept 1 2025 – Feb 28 2026. During the extension the Company will pay a monthly base rent of $62,400 plus $9,080 in CAM/NNN charges, for a total of $71,480. All other provisions of the original lease remain in force.

The agreement provides the landlord, PNN Holdings, LP, a unilateral right to terminate at any time on or after Nov 1 2025 with 60-days’ notice, creating potential relocation risk. No other material contracts, financial results or capital-raising activities were reported in this filing.

The disclosure is routine real-estate housekeeping: it secures temporary occupancy continuity while affording management flexibility to pursue longer-term space needs, yet exposes Beam Global to a possible mid-extension eviction. Overall balance-sheet impact appears immaterial relative to typical operating expenses.

Beam Global (NASDAQ: BEEM) ha depositato un 8-K per comunicare che, il 26 giugno 2025, ha firmato un Accordo di Proroga del Contratto di Locazione per la sua sede principale situata in 5660 Eastgate Drive, San Diego. Il contratto di locazione originario, datato 7 febbraio 2020, è stato prorogato di sei mesi, con validità dal 1 settembre 2025 al 28 febbraio 2026. Durante questo periodo, l'azienda pagherà un canone base mensile di 62.400 $ più 9.080 $ di spese CAM/NNN, per un totale di 71.480 $. Tutte le altre condizioni del contratto originale rimangono invariate.

L'accordo concede al locatore, PNN Holdings, LP, il diritto unilaterale di terminare il contratto in qualsiasi momento a partire dal 1° novembre 2025 con un preavviso di 60 giorni, creando un potenziale rischio di rilocalizzazione. Nessun altro contratto rilevante, risultato finanziario o attività di raccolta fondi è stato segnalato in questa comunicazione.

La comunicazione è una normale operazione di gestione immobiliare: garantisce la continuità temporanea dell’occupazione offrendo al management la flessibilità di valutare esigenze di spazi a lungo termine, sebbene esponga Beam Global al rischio di un possibile sfratto a metà proroga. L’impatto complessivo sul bilancio sembra irrilevante rispetto alle normali spese operative.

Beam Global (NASDAQ: BEEM) presentó un 8-K para informar que, el 26 de junio de 2025, firmó un Acuerdo de Extensión de Arrendamiento para su sede en 5660 Eastgate Drive, San Diego. El contrato de arrendamiento original del 7 de febrero de 2020 se extiende por seis meses, desde el 1 de septiembre de 2025 hasta el 28 de febrero de 2026. Durante la extensión, la empresa pagará una renta base mensual de $62,400 más $9,080 en cargos CAM/NNN, para un total de $71,480. Todas las demás cláusulas del contrato original permanecen vigentes.

El acuerdo otorga al arrendador, PNN Holdings, LP, el derecho unilateral de terminar en cualquier momento a partir del 1 de noviembre de 2025 con un aviso de 60 días, lo que genera un posible riesgo de reubicación. No se reportaron otros contratos materiales, resultados financieros ni actividades de recaudación de capital en esta presentación.

La divulgación es una gestión rutinaria inmobiliaria: asegura la continuidad temporal de la ocupación mientras brinda flexibilidad a la gerencia para explorar necesidades de espacio a largo plazo, aunque expone a Beam Global a un posible desalojo a mitad de la extensión. El impacto general en el balance parece insignificante en relación con los gastos operativos habituales.

Beam Global (NASDAQ: BEEM)는 2025년 6월 26일 본사 소재지인 샌디에이고 5660 Eastgate Drive에 대한 임대 연장 계약서를 체결했음을 공시하기 위해 8-K를 제출했습니다. 기존 2020년 2월 7일 임대 계약은 6개월 연장되어 2025년 9월 1일부터 2026년 2월 28일까지 유효합니다. 연장 기간 동안 회사는 월 기본 임대료 62,400달러CAM/NNN 비용 9,080달러를 합쳐 총 71,480달러를 지불할 예정입니다. 원래 임대 계약의 다른 조항은 모두 유지됩니다.

이 계약은 임대인인 PNN Holdings, LP에게 2025년 11월 1일 이후 언제든지 60일 사전 통지로 계약을 해지할 수 있는 단독 권리를 부여하여 잠재적인 이전 위험을 내포합니다. 이번 공시에서는 다른 주요 계약, 재무 결과 또는 자본 조달 활동은 보고되지 않았습니다.

이번 공시는 부동산 관리의 일상적인 절차로, 임시 점유 연속성을 확보하면서 경영진에게 장기 공간 수요를 모색할 유연성을 제공하지만, 연장 기간 중간에 퇴거 위험에 노출될 수 있습니다. 전반적인 재무 영향은 일반적인 운영 비용에 비해 미미한 수준으로 보입니다.

Beam Global (NASDAQ : BEEM) a déposé un 8-K pour révéler que, le 26 juin 2025, elle a signé un Accord de Prolongation de Bail pour son siège social situé au 5660 Eastgate Drive, San Diego. Le bail initial du 7 février 2020 est prolongé de six mois, couvrant la période du 1er septembre 2025 au 28 février 2026. Pendant cette extension, la société paiera un loyer de base mensuel de 62 400 $ plus 9 080 $ de charges CAM/NNN, soit un total de 71 480 $. Toutes les autres clauses du bail original restent en vigueur.

L'accord donne au bailleur, PNN Holdings, LP, un droit unilatéral de résilier à tout moment à partir du 1er novembre 2025 avec un préavis de 60 jours, ce qui crée un risque potentiel de relocalisation. Aucun autre contrat important, résultat financier ou activité de levée de fonds n’a été signalé dans ce dépôt.

Cette divulgation est une démarche courante en gestion immobilière : elle assure la continuité temporaire de l’occupation tout en offrant à la direction la flexibilité de répondre à des besoins d’espace à plus long terme, mais expose Beam Global à un possible départ anticipé durant cette extension. L’impact global sur le bilan semble négligeable par rapport aux dépenses opérationnelles habituelles.

Beam Global (NASDAQ: BEEM) hat einen 8-K eingereicht, um bekannt zu geben, dass am 26. Juni 2025 eine Mietvertragsverlängerung für den Hauptsitz in 5660 Eastgate Drive, San Diego, unterzeichnet wurde. Der bestehende Mietvertrag vom 7. Februar 2020 wird um sechs Monate verlängert, und zwar vom 1. September 2025 bis zum 28. Februar 2026. Während der Verlängerung zahlt das Unternehmen eine monatliche Grundmiete von 62.400 $ zuzüglich 9.080 $ an CAM/NNN-Kosten, insgesamt also 71.480 $. Alle anderen Bedingungen des ursprünglichen Mietvertrags bleiben unverändert.

Die Vereinbarung gewährt dem Vermieter, PNN Holdings, LP, ein einseitiges Recht zur Kündigung jederzeit ab dem 1. November 2025 mit 60-tägiger Frist, was ein potenzielles Risiko für eine Umsiedlung darstellt. In dieser Meldung wurden keine weiteren wesentlichen Verträge, Finanzergebnisse oder Kapitalbeschaffungsmaßnahmen berichtet.

Die Offenlegung ist eine routinemäßige Immobilienangelegenheit: Sie sichert die vorübergehende Nutzungskontinuität und bietet dem Management Flexibilität, langfristige Flächenbedarfe zu verfolgen, birgt jedoch das Risiko einer möglichen Kündigung während der Verlängerung. Die Gesamtbilanz-Auswirkung erscheint im Vergleich zu den üblichen Betriebskosten unwesentlich.

Positive
  • Continuity of operations: Headquarters space secured through Feb 2026, avoiding near-term disruption.
  • Strategic flexibility: Short duration enables Beam Global to renegotiate or relocate without long-term lease liabilities.
Negative
  • Early termination risk: Landlord may cancel after Nov 1 2025 with 60-day notice, potentially forcing an unplanned move.
  • Limited visibility: Only six-month term increases uncertainty over future occupancy costs and logistics.

Insights

TL;DR Short six-month HQ lease extension; moderate cost; landlord can cancel early—neutral credit impact, slight operational flexibility.

The extension locks in San Diego headquarters space through February 2026 at an all-in rate of roughly $71.5k per month. This level is consistent with prevailing Class-B industrial/office rates in the submarket and should be easily absorbed given Beam Global’s 2024 operating expense run-rate. Importantly, the landlord’s ability to terminate after 1 November 2025 introduces relocation contingency risk. Management gains time to evaluate permanent space or a potential relocation closer to future manufacturing sites. Given the brief term and modest dollar value, I view the filing as operationally neutral rather than financially material.

TL;DR Routine 8-K; no earnings impact; only signals short-term facilities strategy—market reaction likely muted.

The disclosure neither alters revenue outlook nor capital structure. Annualized rent under the extension (~$0.86 million) represents a low-single-digit percentage of expected FY-25 operating expenses, thus not material to EPS. The termination clause could create headline risk if exercised, but investors would likely get 60 days’ advance notice—ample to model any transitional costs. I assign a neutral rating; the filing merely documents a standard lease roll-forward.

Beam Global (NASDAQ: BEEM) ha depositato un 8-K per comunicare che, il 26 giugno 2025, ha firmato un Accordo di Proroga del Contratto di Locazione per la sua sede principale situata in 5660 Eastgate Drive, San Diego. Il contratto di locazione originario, datato 7 febbraio 2020, è stato prorogato di sei mesi, con validità dal 1 settembre 2025 al 28 febbraio 2026. Durante questo periodo, l'azienda pagherà un canone base mensile di 62.400 $ più 9.080 $ di spese CAM/NNN, per un totale di 71.480 $. Tutte le altre condizioni del contratto originale rimangono invariate.

L'accordo concede al locatore, PNN Holdings, LP, il diritto unilaterale di terminare il contratto in qualsiasi momento a partire dal 1° novembre 2025 con un preavviso di 60 giorni, creando un potenziale rischio di rilocalizzazione. Nessun altro contratto rilevante, risultato finanziario o attività di raccolta fondi è stato segnalato in questa comunicazione.

La comunicazione è una normale operazione di gestione immobiliare: garantisce la continuità temporanea dell’occupazione offrendo al management la flessibilità di valutare esigenze di spazi a lungo termine, sebbene esponga Beam Global al rischio di un possibile sfratto a metà proroga. L’impatto complessivo sul bilancio sembra irrilevante rispetto alle normali spese operative.

Beam Global (NASDAQ: BEEM) presentó un 8-K para informar que, el 26 de junio de 2025, firmó un Acuerdo de Extensión de Arrendamiento para su sede en 5660 Eastgate Drive, San Diego. El contrato de arrendamiento original del 7 de febrero de 2020 se extiende por seis meses, desde el 1 de septiembre de 2025 hasta el 28 de febrero de 2026. Durante la extensión, la empresa pagará una renta base mensual de $62,400 más $9,080 en cargos CAM/NNN, para un total de $71,480. Todas las demás cláusulas del contrato original permanecen vigentes.

El acuerdo otorga al arrendador, PNN Holdings, LP, el derecho unilateral de terminar en cualquier momento a partir del 1 de noviembre de 2025 con un aviso de 60 días, lo que genera un posible riesgo de reubicación. No se reportaron otros contratos materiales, resultados financieros ni actividades de recaudación de capital en esta presentación.

La divulgación es una gestión rutinaria inmobiliaria: asegura la continuidad temporal de la ocupación mientras brinda flexibilidad a la gerencia para explorar necesidades de espacio a largo plazo, aunque expone a Beam Global a un posible desalojo a mitad de la extensión. El impacto general en el balance parece insignificante en relación con los gastos operativos habituales.

Beam Global (NASDAQ: BEEM)는 2025년 6월 26일 본사 소재지인 샌디에이고 5660 Eastgate Drive에 대한 임대 연장 계약서를 체결했음을 공시하기 위해 8-K를 제출했습니다. 기존 2020년 2월 7일 임대 계약은 6개월 연장되어 2025년 9월 1일부터 2026년 2월 28일까지 유효합니다. 연장 기간 동안 회사는 월 기본 임대료 62,400달러CAM/NNN 비용 9,080달러를 합쳐 총 71,480달러를 지불할 예정입니다. 원래 임대 계약의 다른 조항은 모두 유지됩니다.

이 계약은 임대인인 PNN Holdings, LP에게 2025년 11월 1일 이후 언제든지 60일 사전 통지로 계약을 해지할 수 있는 단독 권리를 부여하여 잠재적인 이전 위험을 내포합니다. 이번 공시에서는 다른 주요 계약, 재무 결과 또는 자본 조달 활동은 보고되지 않았습니다.

이번 공시는 부동산 관리의 일상적인 절차로, 임시 점유 연속성을 확보하면서 경영진에게 장기 공간 수요를 모색할 유연성을 제공하지만, 연장 기간 중간에 퇴거 위험에 노출될 수 있습니다. 전반적인 재무 영향은 일반적인 운영 비용에 비해 미미한 수준으로 보입니다.

Beam Global (NASDAQ : BEEM) a déposé un 8-K pour révéler que, le 26 juin 2025, elle a signé un Accord de Prolongation de Bail pour son siège social situé au 5660 Eastgate Drive, San Diego. Le bail initial du 7 février 2020 est prolongé de six mois, couvrant la période du 1er septembre 2025 au 28 février 2026. Pendant cette extension, la société paiera un loyer de base mensuel de 62 400 $ plus 9 080 $ de charges CAM/NNN, soit un total de 71 480 $. Toutes les autres clauses du bail original restent en vigueur.

L'accord donne au bailleur, PNN Holdings, LP, un droit unilatéral de résilier à tout moment à partir du 1er novembre 2025 avec un préavis de 60 jours, ce qui crée un risque potentiel de relocalisation. Aucun autre contrat important, résultat financier ou activité de levée de fonds n’a été signalé dans ce dépôt.

Cette divulgation est une démarche courante en gestion immobilière : elle assure la continuité temporaire de l’occupation tout en offrant à la direction la flexibilité de répondre à des besoins d’espace à plus long terme, mais expose Beam Global à un possible départ anticipé durant cette extension. L’impact global sur le bilan semble négligeable par rapport aux dépenses opérationnelles habituelles.

Beam Global (NASDAQ: BEEM) hat einen 8-K eingereicht, um bekannt zu geben, dass am 26. Juni 2025 eine Mietvertragsverlängerung für den Hauptsitz in 5660 Eastgate Drive, San Diego, unterzeichnet wurde. Der bestehende Mietvertrag vom 7. Februar 2020 wird um sechs Monate verlängert, und zwar vom 1. September 2025 bis zum 28. Februar 2026. Während der Verlängerung zahlt das Unternehmen eine monatliche Grundmiete von 62.400 $ zuzüglich 9.080 $ an CAM/NNN-Kosten, insgesamt also 71.480 $. Alle anderen Bedingungen des ursprünglichen Mietvertrags bleiben unverändert.

Die Vereinbarung gewährt dem Vermieter, PNN Holdings, LP, ein einseitiges Recht zur Kündigung jederzeit ab dem 1. November 2025 mit 60-tägiger Frist, was ein potenzielles Risiko für eine Umsiedlung darstellt. In dieser Meldung wurden keine weiteren wesentlichen Verträge, Finanzergebnisse oder Kapitalbeschaffungsmaßnahmen berichtet.

Die Offenlegung ist eine routinemäßige Immobilienangelegenheit: Sie sichert die vorübergehende Nutzungskontinuität und bietet dem Management Flexibilität, langfristige Flächenbedarfe zu verfolgen, birgt jedoch das Risiko einer möglichen Kündigung während der Verlängerung. Die Gesamtbilanz-Auswirkung erscheint im Vergleich zu den üblichen Betriebskosten unwesentlich.

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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.

 

  (d)  Exhibits

 

Exhibit

Number

  Description
10.1   Lease Extension Agreement dated June 26, 2025
104   Cover Page Interactive Data File (formatted in iXBRL)

 

 

 

 

 

 2 
 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 3 

 

FAQ

What did Beam Global (BEEM) disclose in its 8-K dated June 26 2025?

The company signed a six-month extension of its San Diego HQ lease, effective Sept 1 2025 through Feb 28 2026.

How much will Beam Global pay in rent during the extension period?

Monthly payments total $71,480, comprising $62,400 base rent plus $9,080 CAM/NNN charges.

Can the landlord terminate the Beam Global lease early?

Yes. PNN Holdings, LP may terminate on or after Nov 1 2025 with 60 days’ written notice.

Does the filing affect Beam Global’s earnings guidance?

No earnings or revenue guidance was provided; the lease cost is considered immaterial to overall financials.

Are any other contracts or financial statements included in this 8-K?

No. The only exhibit is the Lease Extension Agreement (Exhibit 10.1).
BEAM GLOBAL

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