Beam Global filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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| 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 |