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

TL;DR

Townsend Battery Partners just filed a 13D/A on Beam Global (BEEM) - big ownership change incoming.

AI Summary

On October 28, 2024, Townsend Battery Partners, LLC filed an SC 13D/A amendment concerning Beam Global. This 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 details the group members associated with Townsend Battery Partners, LLC.

Why It Matters

This filing signals a potential shift in control or influence over Beam Global, which could impact its strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or market movements, introducing uncertainty.

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 (person) — Group member
• Dennis 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

• d863167dsc13da.htm (SC 13D/A) — 208KB
• 0001193125-24-245574.txt ( ) — 210KB

of the

Item 4 of the Schedule 13D is hereby amended by amending and restating the first sentence of the second paragraph as follows: The Reporting Persons acquired the securities reported herein in connection with the Transaction. From July 24, 2024 to October 26, 2024, Townsend AC completed open market sales in which it disposed a total of 59,276 shares of Common Stock. Item5. Interest in Securities of the Issuer. 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 711,490 shares of Common Stock, which represents, in the aggregate, approximately 4.87% of the outstanding shares of the Issuers Common Stock (based on 14,621,141 shares of common stock, $0.001 par value per share, of the Issuer (the Common Stock) outstanding as of August 5, 2024, as reported in the Issuers Form 10-Q filed with the Commission on August 13, 2024. (c) Except as set forth on Appendix I to this Schedule 13D, 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 Schedule 13D, no Reporting Person has the right to receive or the power to direct the receipt

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: October 28, 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 SCH

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View this SC 13D/A filing on SEC EDGAR