Beam Global, (Nasdaq: BEEM) revealed a subscription arrangement with Maxim Group LLC

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Beam Global, (Nasdaq: BEEM), a supplier of revolutionary renewable electric car charging technologies, outdoor media, and energy protection, reported that it has signed a subscription arrangement with Maxim Group LLC in which the underwriter has agreed to buy 250,000 shares of the Company’s common stock on a firm obligation basis at a price of $30,00 to the public. Before deducting underwriting discounts and fees and projected sale costs, the total proceeds from the public offering will be about $7.5 million.

Maxim Group LLC is serving as the primary offering representative.

The closing of the transaction is scheduled to take place on or around 27 November 2020, conditional to standard closing conditions being met.

The bid is being made pursuant to an efficient declaration of shelf registration on Form S-3 filed with the U.S. Commission on Shares and Trade on 26 May 2020 and declared effective 4 June 2020 respectively. A consent solicitation will be filed with the SEC and will be included in the successful declaration of registration. If available, Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, or by telephone at (212) 895-3745 can receive copies of the final prospectus supplement and corresponding prospectus relating to the public offering.

This press release shall not constitute an offer to sell or an invitation for an offer to purchase such securities, nor shall the selling of such securities take place in any State or other jurisdiction in which the offer, request, or sale of such securities is unlawful prior to registration or certification in compliance with the securities laws of any such State or other jurisdiction.

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