Beam Global 8-K

What Happened Beam Global, Inc. announced on January 29, 2026 (8-K) that it entered a second Lease Extension Agreement with PNN Holdings, LP for its headquarters at 5660 Eastgate Drive, San Diego, CA. The lease term, originally dated February 7, 2020 and previously extended to February 28, 2026, has been extended an additional seven months — new term runs March 1, 2026 through September 30, 2026. Except as modified, the original lease terms remain in effect.

Key Details

• Landlord: PNN Holdings, LP; Location: 5660 Eastgate Drive, San Diego, CA 92121.
• Extension term: March 1, 2026 – September 30, 2026 (7 months).
• Monthly charges: $62,400 base rent + $9,080 common area/NNN charges = $71,480 total.
• Landlord right: landlord may terminate the lease at any time with 90 days’ prior written notice.

Why It Matters This is a short-term, material lease extension that secures Beam’s headquarters space through the end of September 2026 and sets a known monthly occupancy cost of $71,480. The landlord’s 90-day termination right means occupancy is not locked in long-term, which could affect continuity or require additional moves/negotiations on short notice. Investors monitoring liquidity and operating expenses should note the recurring monthly rent obligation and the temporary nature of this extension.