secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001683168-23-004364
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beam Global raises ~$27.5M in public offering of 2.66M shares at $9.00; proceeds fund acquisition and working capital
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- Offered 2,663,044 shares plus full exercise of 399,456-share option at $9.00 per share for gross proceeds ~$27.5M.
- Net proceeds: ~$7.5M to fund cash portion of acquisition of Amiga DOO Kraljevo; remainder for working capital and growth.
- Underwriters: Maxim Group LLC and Freedom Capital Markets; 120-day lock-up for company, officers, and directors.
- Offering closed June 22, 2023; shares issued under effective shelf registration statement on Form S-3.
- Use of proceeds includes product development and general corporate purposes; offering priced June 19, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823004364/0001683168-23-004364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823004364/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004364

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