Townsend Battery Partners Files SC 13D/A for Beam Global

TL;DR

Townsend Battery Partners just filed a 13D/A on Beam Global (BEEM) - watch this space.

AI Summary

On July 24, 2024, Townsend Battery Partners, LLC filed an SC 13D/A amendment concerning Beam Global. The filing indicates a change in beneficial ownership, with Townsend Battery Partners, LLC now holding a significant stake in Beam Global, a company formerly known as Envision Solar International, Inc. The filing does not specify the exact number of shares or dollar amount involved in this amendment.

Why It Matters

This filing signals a potential shift in control or significant influence over Beam Global by Townsend Battery Partners, LLC, which could impact the company's strategic direction and stock performance.

Risk Assessment

Risk Level: medium — SC 13D filings often indicate activist investors or significant stake acquisitions, which can lead to volatility and strategic changes.

Key Players & Entities

• Townsend Battery Partners, LLC (company) — Filing entity
• Beam Global (company) — Subject company
• Envision Solar International, Inc. (company) — Former name of subject company
• DAVID TOWNSEND ENTERPRISES TRUST (company) — Group member
• DENNIS TOWNSEND ENTERPRISES TRUST (company) — Group member
• DAVID B. TOWNSEND (person) — Group member
• DENNIS W. TOWNSEND (person) — Group member

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• d841627dsc13da.htm (SC 13D/A) — 218KB
• 0001193125-24-183962.txt ( ) — 220KB

of the

Item 4 of the Schedule 13D is hereby amended and restated in its entirety as follows: The information regarding the Transaction set forth in Item 3 of the Schedule 13D is incorporated into this Item 4 by reference. The Reporting Persons acquired the securities reported herein in connection with the Transaction. From January 4, 2024 to July 23, 2024, Townsend AC completed open market sales in which it disposed a total of 145,068 shares of Common Stock. The Reporting Persons hold such securities for investment purposes and intend to review their investments in the Issuer on a continuing basis. Except as described in this Statement, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although, subject to the agreements described herein and various factors, including but not limited to the Issuers financial position and strategic direction, price levels of the Common Stock, conditions in the securities markets, various laws and regulations applicable to the Issuer and companies in its industry and the Reporting Persons ownership in the Issuer, and general economic and industry conditions, the Reporting Persons, at any time, and from time to time, may in the future take actions with respect to their position in the Issuer as they deem appropriate, including changing their current intentions, with respect to any or all matters required to be disclosed in this Statement. Without limiting the foregoing, and subject to the terms of the documents described above, the Reporting Persons may, from time to time, acquire or cause affiliates to acquire additional shares of Common Stock or other securities in the Issuer, dispose, or cause affiliates to dispose, of some or all of the Common Stock or other securities of the Issuer or continue to hold, or cause affiliates to hold, Common Stock or other securities of the Issuer (or any combination o

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: The information set forth in Items 2 and 3 of this Statement and the cover pages of this Statement is hereby incorporated by reference into this Item 5. (a)(b) As a result of certain matters described in this Statement, the Reporting Persons may be deemed to constitute a group within the meaning of Rule 13d-5(b) under the Act. However, neither the present filing nor anything contained herein shall be construed as an admission that all or any of the Reporting Persons constitute a group within the meaning of Rule 13d-5(b) under the Act. As a member of a group, each Reporting Person may be deemed to beneficially own all of the Common Stock beneficially owned by the members of the group as a whole. The Reporting Persons may be deemed to beneficially own an aggregate of 770,766 shares of Common Stock, which represents, in the aggregate, approximately 5.30% of the outstanding shares of the Issuers Common Stock (based on 14,537,451 shares of common stock, $0.001 par value per share, of the Issuer (the Common Stock) outstanding as of May 16, 2024, as reported in the Issuers Form 10-Q filed with the Commission on May 20, 2024. (c) Except as set forth on Appendix I to this Statement, no Reporting Person has effected any transaction in the Common Stock in the 60 days preceding the date hereof or since the filing of the Original Schedule 13D. (d) Except as set forth in this Statement, no Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities described in this Statement. (e) Not applicable.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of the undersigneds knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. Date: July 24, 2024 Townsend AC, LLC /s/ Dennis Townsend Name: Dennis Townsend Title: Chairman TBP Investments, LLC /s/ Dennis Townsend Name: Dennis Townsend Title: Chairman Townsend Energy Solutions, LLC /s/ Dennis Townsend Name: Dennis Townsend Title: Chairman TES Co-Investor, LLC /s/ Dennis Townsend Name: Dennis Townsend Title: Chairman EPS Holding, LLC /s/ Dennis Townsend Name: Dennis Townsend Title: Chairman Townsend Ventures, LLC /s/ Dennis Townsend Name: Dennis Townsend Title: Chairman Townsend Battery Partners, LLC /s/ David Townsend Name: David Townsend Title: President /s/ David Townsend Name: David Townsend Title: President /s/ Dennis W. Townsend DENNIS W. TOWNSEND, not individually but solely in his capacity as Trustee of the 2013 Dennis Townsend Enterprises Trust /s/ Stephen M. Sharkey STEPHEN M. SHARKEY, not individually but solely in his capacity as Trustee of the 2013 Dennis Townsend Enterprises Trust /s/ David B. Townsend DAVID B. TOWNSEND, not individually but solely in his capacity as Trustee of the 2013 David Townsend Enterprises Trust /s/ Stephen M. Sharkey STEPHEN M. SHARKEY, not individually but solely in his capacity as Trustee of the 2013 David Townsend Enterprises Trust /s/ David B. Townsend DAVID B. TOWNSEND, not individually but solely in his capacity as Trustee Trust f/b/o David B. Townsend U/A dated December 19, 1996 /s/ Stephen M. Sharkey STEPHEN M. SHARKEY, not individually but solely in his capacity as Trustee Trust f/b/o David B. Townsend U/A dated December 19, 1996 /s/ David Townsend Name: David Townsend /s/ Dennis Townsend Name: Dennis Townsend Appendix I TRANSACTIONS EFFECTED BY TOWNSEND AC, LLC IN COMMON STOCK SINCE THE AMENDMENT TO SCHEDU

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View this SC 13D/A filing on SEC EDGAR