Beam Global terminated Lease for headquarters at 5660 Eastgate Drive, San Diego, California 92121 with PNN Holdings, LP valued at Lease terminated on July 26, 2026; no material early termination penalties (effective 2026-07-26).
“On April 27, 2026, Beam Global (the “Company”) received written notice from PNN Holdings, LP (the “Landlord”) that the Landlord had exercised its right to terminate the lease for the Company’s headquarters located at 5660 Eastgate Drive, San Diego, California 92121 (the “Lease”). The Lease, which was extended on January 26, 2026, and was scheduled to expire on September 30, 2026, will now terminate on July 26, 2026.”
Earnings Releases
Beam Global reported the year ended December 31, 2025 results: revenue $28.2 million.
“Summary Revenues Fourth quarter 2025 revenue was $9.0 million, an increase of 7% year-over-year and 56% over the prior quarter. For the year ended December 31, 2025, revenue was $28.2 million compared to $49.3 million in 2024. The decline was primarily driven by the cessation of U.S. federal government EV charging infrastructure orders as a result of the reversal of”
Material Agreements
Beam Global entered into Extension Agreement with PNN Holdings, LP valued at total monthly payment of $71,480 (effective 2026-01-26).
“On January 26, 2026, Beam Global (the “Company”) entered into a second Lease Extension Agreement (the “Extension Agreement”) with PNN Holdings, LP (the “Landlord”), relating to the Company’s headquarters located at 5660 Eastgate Drive, San Diego, CA 92121.”
Sandra Peterson resigned as Vice President of Sales and Marketing at Beam Global.
“Sandra Peterson, the Company’s then Vice President of Sales and Marketing, provided notice of her resignation from her position in the Company effective as of December 31, 2024”
Sandra Peterson departed as Vice President of Sales and Marketing at Beam Global.
“On October 1, 2024, Beam Global (the “Company”) was informed by Sandra Peterson, the Company’s Vice President of Sales and Marketing, that she will resign from her position effective December 31, 2024, for personal reasons.”
Peter Davidson departed as Director at Beam Global.
“On July 24, 2024, Peter Davidson, a member of the Company’s Board of Directors (the “Board”) and member of the Audit, Nominating and Governance committees of the Board, informed the Company that he would be resigning as a director of the Board for personal reasons effective as of September 23, 2024.”
Earnings Releases
Beam Global reported the fourth quarter of 2023 results: revenue $20.0 million.
“For the fourth quarter of 2023, Beam Global reported record revenues of $20.0 million, a 154% increase over the same period in 2022.”
Earnings Releases
Beam Global reported the year ended December 31, 2023 results: revenue $67.4 million, net income $5.1 million.
“Full year revenues for 2023 were a record $67.4 million, a 206% increase over 2022.”
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.
“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”).”
Material Agreements
Beam Global entered into Amended and Restated Lease Agreement with CRE South 25th Associates LLC (effective 2024-02-01).
“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”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.