Beam Global 8-K

What Happened

• Beam Global (BEEM) announced (Form 8-K) that on June 17, 2026 it entered into a Lease Agreement for two adjacent industrial buildings at 653 & 655 E. 20th Street, Yuma, Arizona, totaling approximately 54,400 square feet. The Company intends to use the space for office, warehouse and manufacturing operations.
• The lease terms run to July 31, 2031. The 653 E. 20th Street lease commences July 15, 2026 (five-year term); the 655 E. 20th Street lease commences January 1, 2027 (four years, seven months). The filing notes this lease creates a direct financial obligation for the Company (Item 2.03).

Key Details

• Total space: ~54,400 sq ft (two adjacent industrial buildings).
• Lease terms: 653 E. 20th St. — July 15, 2026 to July 31, 2031; 655 E. 20th St. — Jan 1, 2027 to July 31, 2031.
• Monthly base rent schedule (aggregate):
  • July 15–31, 2026: $7,810.25
  • Aug 1–Dec 31, 2026: $0.00 (rent abated for this period)
  • Jan 1–July 31, 2027: $27,184.50
  • Aug 1, 2027–July 31, 2028: $28,000.04
  • Aug 1, 2028–July 31, 2029: $28,840.04
  • Aug 1, 2029–July 31, 2030: $29,705.24
  • Aug 1, 2030–July 31, 2031: $30,596.39
• Additional obligations: Company pays a portion of utilities, taxes, insurance and operating costs.
• Purchase option: Exclusive option to purchase the premises at any time during the lease term for $4,500,000 if exercised in the first 12 months, increasing 3% cumulatively each anniversary thereafter.

Why It Matters

• The lease secures significant manufacturing, warehouse and office capacity for Beam Global in Yuma, which supports operational growth and production needs.
• Financially, the agreement commits the company to multi-year rent payments (with an initial abatement period) and potential additional operating costs; it also provides an option to acquire the property outright for a defined price schedule. Investors should note this as a material occupancy and capital/operating commitment disclosed under Item 1.01 (and reflected as a direct financial obligation under Item 2.03).