Beam Global Enters Material Definitive Agreement on Feb 16

TL;DR

**Beam Global just signed a major deal, expect more details soon!**

AI Summary

Beam Global filed an 8-K on February 16, 2024, reporting an entry into a material definitive agreement. The filing indicates a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, with the earliest event reported also on February 16, 2024. The company, incorporated in Nevada, has its business address at 5660 Eastgate Drive, San Diego, CA 92121.

Why It Matters

This filing signals a significant new commitment or partnership for Beam Global, which could impact its future operations, financial performance, and strategic direction. Investors will be keen to understand the specifics of this agreement.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement without disclosing its specifics, creating uncertainty about its potential positive or negative impact.

Key Players & Entities

• Beam Global (company) — Registrant
• Nevada (location) — State of incorporation
• San Diego, CA (location) — Business address city and state
• February 16, 2024 (date) — Date of earliest event reported and filing date
• 5660 Eastgate Drive (location) — Business address street

FAQ

Filing Documents

• beam_8k.htm (8-K) — 30KB
• beam_ex1001.htm (EX-10.1) — 15KB
• 0001683168-24-001054.txt ( ) — 257KB
• beem-20240216.xsd (EX-101.SCH) — 3KB
• beem-20240216_def.xml (EX-101.DEF) — 26KB
• beem-20240216_lab.xml (EX-101.LAB) — 36KB
• beem-20240216_pre.xml (EX-101.PRE) — 25KB
• beam_8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. As previously disclosed, on October 20, 2023, Beam Global ("Beam") completed its previously announced acquisition of Amiga DOO Kraljevo ("Amiga") , pursuant to a Share Sale and Purchase Agreement dated October 6, 2023 (the "Purchase Agreement") by and among Beam and the two owners of Amiga (the "Sellers"). Pursuant to the term terms of the Purchase Agreement, the Sellers are eligible to earn additional shares of Beam common stock if such Seller (i) is providing services to Amiga and (ii) Amiga meets certain revenue milestones for fiscal years 2024 and 2025 (the "Earnout Consideration"). On February 16, 2024, Beam and the Sellers entered into an amendment to the Purchase Agreement (the "Amendment") to remove the requirement that the Sellers shall be providing services to Amiga as a condition to receive the Earnout Consideration. A copy of the Amendment is attached hereto as Exhibit 10.1 and incorporated in Item 1.01 of this Current Report on Form 8-K by reference. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment.

Financial Statements and Exhibits

Financial Statements and Exhibits Exhibit No. Description 10.1 Amendment to Share Sale and Purchase Agreement dated February 16, 2024 104 Cover Page Interactive Data File (formatted in inline XBRL, and included in exhibit 101). 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAM GLOBAL Dated: February 16, 2024 By: /s/ Lisa A. Potok Name: Lisa A. Potok Title: Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR