secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001683168-24-001808
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824001808/0001683168-24-001808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824001808/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001808

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