---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-001808"
form_type: "8-K"
ticker: "BEEM"
cik: "0001398805"
company_name: "Beam Global"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:57:01.293428+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Beam Global expands lease to 37,800 sq ft in Broadview, IL; annual rent starts at $340,200

## Summary
- Leases 37,800 sq ft (up from ~15,600 sq ft) at 2600 S 25th Ave, Broadview, IL; term Feb 2024 to Jan 2029.
- Annual base rent: $340,200 (yr1), escalating to $390,387 (yr5); plus ~$19,469/mo for taxes & operating costs.
- Security deposit of $46,329 required; existing $10,426 deposit applied, tenant pays $35,904.
- Tenant receives $23,419 rent credit for prior holdover rent paid under original lease.
- Landlord provides $62,595 tenant improvement allowance; Tenant performs Tenant Work per Exhibit B.

## SEC filing metadata
- accession: 0001683168-24-001808
- form_type: 8-K
- ticker: BEEM
- cik: 0001398805
- company_name: Beam Global
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1398805/000168316824001808/0001683168-24-001808-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1398805/000168316824001808/beam_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-001808
- JSON: https://secwatch.observer/filing/0001683168-24-001808.json
- Plain text: https://secwatch.observer/filing/0001683168-24-001808.txt

## Key facts
- Debt Financings
  Beam Global incurred lease obligation of $340,200 for year 1; (ii) $352,107 for year 2; (iii) $364,430.75 for year 3; (iv) $377,185.82 for year 4; and (v) $390,3 with CRE South 25 th Associates LLC maturing January 31, 2029.
  - Instrument: lease obligation
  - Principal: $340,200 for year 1; (ii) $352,107 for year 2; (iii) $364,430.75 for year 3; (iv) $377,185.82 for year 4; and (v) $390,3
  - Counterparty: CRE South 25 th Associates LLC
  - Maturity: January 31, 2029
  - Event: incurrence
  source text: On February 1, 2024, Beam Global, a Nevada corporation (the “Company”), entered into an Amended and Restated Lease Agreement with CRE South 25 th Associates LLC, a Delaware limited liability company (the “Landlord”), pursuant to which the Company has agreed to rent up to approximately 37,800 square feet of manufacturing and office space at 2600 South 25 th Avenue, Broadview, Illinois (the “Lease Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1398805/000168316824001808/0001683168-24-001808-index.htm
- Material Agreements
  Beam Global entered into Amended and Restated Lease Agreement with CRE South 25th Associates LLC (effective 2024-02-01).
  - Action: entry
  - Agreement: lease
  - Counterparty: CRE South 25th Associates LLC
  - Effective: 2024-02-01
  source text: On February 1, 2024, Beam Global, a Nevada corporation (the “Company”), entered into an Amended and Restated Lease Agreement with CRE South 25 th Associates LLC, a Delaware limited liability company (the “Landlord”), pursuant to which the Company has agreed to rent up to approximately 37,800 square feet of manufacturing and office space at 2600 South 25 th Avenue, Broadview, Illinois (the “Lease Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1398805/000168316824001808/0001683168-24-001808-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.