<SEC-DOCUMENT>0001683168-23-004222.txt : 20230616
<SEC-HEADER>0001683168-23-004222.hdr.sgml : 20230616
<ACCEPTANCE-DATETIME>20230616171839
ACCESSION NUMBER:		0001683168-23-004222
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230616
DATE AS OF CHANGE:		20230616

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Beam Global
		CENTRAL INDEX KEY:			0001398805
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				208457250
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-238701
		FILM NUMBER:		231022300

	BUSINESS ADDRESS:	
		STREET 1:		5660 EASTGATE DRIVE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121
		BUSINESS PHONE:		858-799-4583

	MAIL ADDRESS:	
		STREET 1:		5660 EASTGATE DRIVE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Envision Solar International, Inc.
		DATE OF NAME CHANGE:	20100407

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Casita Enterprises, Inc.
		DATE OF NAME CHANGE:	20070508

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Beam Global
		CENTRAL INDEX KEY:			0001398805
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				208457250
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		5660 EASTGATE DRIVE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121
		BUSINESS PHONE:		858-799-4583

	MAIL ADDRESS:	
		STREET 1:		5660 EASTGATE DRIVE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Envision Solar International, Inc.
		DATE OF NAME CHANGE:	20100407

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Casita Enterprises, Inc.
		DATE OF NAME CHANGE:	20070508
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>beam_fwp.htm
<DESCRIPTION>FREE WRITING PROSPECTUS
<TEXT>
<HTML>
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<P STYLE="color: #212529; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; background-color: white"><B>Filed
Pursuant to Rule&nbsp;433</B></P>

<P STYLE="color: #212529; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; background-color: white"><B>Free
Writing Prospectus dated June&nbsp;16, 2023</B></P>

<P STYLE="color: #212529; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; background-color: white"><B>Relating
to Preliminary Prospectus dated June&nbsp;16, 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; background-color: white"><FONT STYLE="color: #212529"><B>Registration
No.&nbsp;333-</B></FONT><B><FONT STYLE="color: black">238701</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BEAM GLOBAL EXECUTES BINDING LOI TO ACQUIRE
EUROPE BASED AMIGA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ANNOUNCES PROPOSED PUBLIC OFFERING OF COMMON
STOCK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AND ANNOUNCES Q2 REVENUE AND UNIT GUIDANCE</B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The planned accretive transaction is
intended to expand Beam Global&rsquo;s business into the European market and increase Beam Global&rsquo;s production, engineering, sales
and product development expertise</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
  <TD STYLE="text-align: left; width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></TD>
  <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Acquisition expected to increase and diversify revenues and gross profits</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
  <TD STYLE="text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></TD>
  <TD STYLE="text-align: left"><I>Amiga recorded revenue of over EUR 8.5M in 2022</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
  <TD STYLE="text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></TD>
  <TD STYLE="text-align: left"><I>Expected to enhance Beam Global&rsquo;s manufacturing and engineering capabilities</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
  <TD STYLE="text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></TD>
  <TD STYLE="text-align: left"><I>Expected to accelerate the development of our EV Standard&trade; and other products both in the European and US markets</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
  <TD STYLE="text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></TD>
  <TD STYLE="text-align: left"><I>Expected to add new customer segments in both the US &amp; Europe </I></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: black; background-color: white">SAN DIEGO, CA
&ndash; June 16, 2023 &ndash; </FONT><FONT STYLE="color: #1155CC">Beam Global</FONT>, (Nasdaq: BEEM, BEEMW) (&ldquo;Beam Global&rdquo;
or the &ldquo;Company&rdquo;)<FONT STYLE="background-color: white">, a leading </FONT>provider of innovative sustainable products and
technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, today announced the execution of
a binding Letter of Intent to acquire European based Amiga DOO Kraljevo (&ldquo;Amiga&rdquo;), an established manufacturer of specialized
structures and equipment, producing street lights, communications and energy infrastructure whose manufacturing, engineering and sales
teams serve municipalities, states and commercial customers in 16 nations. The transaction is pending completion of Beam Global&rsquo;s
due diligence, which will include customary closing conditions, and is expected to be finalized in Q3 or Q4 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Additionally, Beam Global today announced that it has commenced an
underwritten public offering of shares of its common stock. The offering is subject to market conditions, and there can be no assurance
as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The offering is not conditioned
on the completion of the potential acquisition of Amiga. Maxim Group LLC and Freedom Capital Markets are acting as joint book-runners
of the proposed offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Q2 Update</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beam Global anticipates our revenue for the three months ended June
30, 2023 to be in a range of $15.5 million to $17.0 million which would be the highest quarterly revenue achieved in the Company&rsquo;s
history. For the three months ended June 30, 2023, we anticipate delivering approximately 195 to 205 ARC&trade; solar-powered EV charging
infrastructure systems as well as continuing to deliver our energy storage solutions to our customers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Amiga</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Amiga was founded in 1990, has approximately 210 employees and currently
has engineering, product development and manufacturing capabilities which Beam Global believes are ideally suited to manufacture and perfect
the Company&rsquo;s current products for the European market. Amiga is one of Europe&rsquo;s leading manufacturers of streetlights and
is strategically positioned to bring Beam Global&rsquo;s patented EV Standard&trade; to market both in the European Union (EU) and U.S.
We plan to integrate Amiga&rsquo;s team of qualified engineers with Beam Global&rsquo;s current team which we expect will provide a valuable
enhancement and acceleration of product development cycles and reduce the requirement for Beam Global to add engineering headcount in
the U.S. Pending the closing of the transaction, Amiga will be rebranded Beam EU.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">According to financial statements provided to Beam Global by Amiga,
Amiga generated over EUR 8.5M in revenue in 2022 and had gross profit during that period. Beam Global expects the acquisition to be accretive
based on a revenue multiple with expected additional operating synergies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Since 1990 Amiga has been selling to municipalities, states and commercial
customers. Amiga&rsquo;s customer profile is very similar to Beam Global&rsquo;s current customers and we intend to use Amiga&rsquo;s
existing customer list as an initial prospecting list as we introduce Beam Global&rsquo;s products to the European market. We plan to
integrate Amiga&rsquo;s sales and marketing team with Beam Global&rsquo;s and the Company intends to add EV charging infrastructure sales
expertise in Europe.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;We have spent over 30 years building credibility and solid relationships
with government and commercial customers in sixteen nations internationally. Many of our customers are repeat customers. Becoming part
of Beam Global will allow us to market the latest renewably energized EV charging infrastructure products to our existing customers while
opening up an entirely new set of opportunities for us. We have the engineering and operational capabilities to fabricate Beam products
and a long list of prospects to market them to&rdquo; said Ivan Tlacinac, Amiga CEO and owner. &ldquo;I am excited by the prospect of
combining our engineering team with their talent in San Diego and Chicago so that we can rapidly introduced Beam&rsquo;s existing and
contemplated products like the EV Standard&trade; to the European and surrounding regions. There is a great deal of appetite for EV charging
infrastructure, renewable energy and energy security in Europe at the moment and Beam&rsquo;s products provide all three. I am thrilled
that we will soon be capitalizing on this opportunity as part of the growing Beam Global family.&quot;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Strategic Rationale for the Acquisition of Amiga</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beam Global believes that the acquisition of Amiga fast tracks its
growth into the European market. This market offers excellent opportunities for our off-grid, zero construction or electrical work products
because:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the EU has mandated a transition to zero emission vehicles by 2035;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the EU is heavily focused on green and sustainable energy;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the war in Ukraine has focused the EU on energy security and home-grown renewable
sources; and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the historic aging of streets and infrastructure make it more complicated
to deploy grid tied EV charging solutions than is the case in much of the United States</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We believe that Beam Global&rsquo;s suite of products are ideally suited
for deployments where the above bulleted conditions exist because they require no construction or electrical work, are renewably energized
and do not rely on the utility grid for electricity. We believe the acquisition will also increase barriers to entry for future competition
and advance Beam Global&rsquo;s position as a leader in the green economy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;We have long believed that the European market offers significant
opportunities for Beam Global expansion. The automotive market is larger than China or the U.S. and Europe&rsquo;s commitment to sustainability,
electrification and renewable energy is active both at the government and commercial levels,&rdquo; said CEO of Beam Global Desmond Wheatley.
&ldquo;We believe that Amiga is a perfect fit for us because they have all of the skills, capabilities and factory facilities required
to make our products through the IP that we control. Since 1990 Amiga has been selling to the same customer profile we have successfully
targeted in the U.S., which we believe will give us immediate credibility and access to qualified prospects in 16 countries internationally.
Amiga&rsquo;s engineering and production teams are well suited to develop and produce our patented EV Standard product which I believe
may be our biggest seller in both the U.S. and Europe. We have been working to find an opportunity like this for a long time and I am
thrilled at the prospect of expanding our business into markets which could arguably be larger than the U.S. where we are currently experiencing
dramatic organic growth. We are putting the &ldquo;global&rdquo; in Beam Global.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">According to Whichcar.com, Europe has approximately 405 million cars
compared to approximately 290 million in the U.S. and 319 million in China according to CEIC data. In June of 2022, the European Parliament
backed the European Commission&rsquo;s proposal of zero emissions from new cars and vans by 2035. Beam Global views expansion into the
European market as a major opportunity for growth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Key Transaction Terms</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Subject to completion of due diligence, including completion and review
of an audit of Amiga&rsquo;s financial statements under U.S. GAAP, Beam Global is expected to acquire Amiga for EUR 10M of initial consideration
splits as follows: (i) EUR 7M of cash of which EUR 4.5M will be paid at closing and an additional EUR 2.5M paid on Dec. 31, 2023 and (ii)
EUR 3M in Beam Global&rsquo;s stock distributed in the same proportions and timing as the cash payments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The transaction also includes performance based earn-outs which would
be distributed to Amiga shareholders based as follows: (i) 2023 earn-out paid in Beam Global&rsquo;s stock based on 2x the euro value
of revenue above EUR 10M and (ii) 2024 earn-out paid in Beam Global&rsquo;s stock based on 2x the euro value of revenue above the greater
of EUR 13.5M or 135% of 2023 revenue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As part of the consideration paid for Amiga, Beam Global will be receiving
buildings and land independently valued at EUR 7M as well as plant and equipment independently valued at EUR 6M of replacement value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><B>About the Offering</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: black">The issuer has filed a registration statement
(including a prospectus) and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;)
for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement,
the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer
and this offering.</FONT> This communication relates to the proposed public offering of shares of common stock of Beam Global that are
being offered pursuant to an effective shelf registration statement on Form S-3 (File No. 333-238701) previously filed with the U.S. Securities
and Exchange Commission (SEC) and declared effective on June 4, 2020. The shares may be offered only by means of a prospectus. A preliminary
prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering has been filed with
the SEC, form a part of the effective registration statement and are available on the SEC's website at www.sec.gov. Copies of the preliminary
prospectus supplement and accompanying prospectus relating to the public offering may also be obtained by contacting Maxim Group LLC,
at 300 Park Avenue, 16<SUP>th</SUP> Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or
by email at syndicate@maximgrp.com or by contacting Freedom Capital Markets in writing at 40 Wall Street, 58th Floor, New York, NY 10005,
or via email at EquitySyndicate@freedomcapmkts.com or via telephone at (800) 786-1469.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This press release does not constitute an offer to sell or the solicitation
of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or
other jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><B>About Beam Global </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
Beam Global is a clean technology leader providing innovative, sustainable products and technologies for electric vehicle (EV) charging,
energy storage, energy security and outdoor media. Core platforms include Beam EV ARC&trade; and Solar Tree&reg; sustainable EV charging
systems, Beam AllCell&trade; high-performance energy storage solutions, energy resiliency and disaster preparedness products and a deep
patent library.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beam EV ARC&trade; EV charging infrastructure systems support any quality
brand EV charging service equipment, and Beam AllCell&trade; battery solutions power micro-mobility, terrestrial EVs, aviation, maritime
and recreational vehicles as well as stationery and energy-security platforms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Beam develops, patents, designs,
engineers and manufactures unique and advanced clean mobility solutions that protect the environment, save customers time and money, empower
communities and keep people moving. Based in San Diego and Chicago, the company produces Made-in-America products with the mission to
Lead the World to Clean Mobility. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit BeamForAll.com,
LinkedIn, YouTube and Twitter.<BR></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">&nbsp;<BR>
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><BR>
Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Beam Global Press Release contains forward-looking statements
including but not limited to statements about the Company&rsquo;s belief about its future profitability. All statements in this Press
Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied
by terms or phrases such as &ldquo;estimate,&rdquo; &ldquo;project,&rdquo; &ldquo;predict,&rdquo; &ldquo;believe,&rdquo; &ldquo;expect,&rdquo;
&ldquo;anticipate,&rdquo; &ldquo;target,&rdquo; &ldquo;plan,&rdquo; &ldquo;intend,&rdquo; &ldquo;seek,&rdquo; &ldquo;goal,&rdquo; &ldquo;will,&rdquo;
&ldquo;should,&rdquo; &ldquo;may,&rdquo; or other words and similar expressions that convey the uncertainty of future events or results.
<FONT STYLE="color: #212529; background-color: white">Forward-looking statements in this press release include, but are not limited to,
statements regarding the anticipated closing of the offering, the closing of the potential acquisition of Amiga, prospects for the Company&rsquo;s
growth and profitability, and the expected uses of the proceeds from the Offering. Completion of the offering and the closing of the potential
acquisition of Amiga are each subject to numerous factors, many of which are beyond the Company&rsquo;s control, including, without limitation,
market conditions, failure of customary closing conditions, completion and satisfaction of the Company&rsquo;s due diligence of Amiga,
including the completion of an audit of Amiga&rsquo;s last two fiscal years under U.S. GAAP, and the risk factors and other matters set
forth in the prospectus supplement and accompanying prospectus included in the registration statement and the documents incorporated by
reference therein. You are cautioned not to place undue reliance on any forward-looking statements made by the Company, which are based
only on information currently available to it when, and speak only as of the date, such statement is made. The Company does not assume
any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future
developments or otherwise, should circumstances change, except as otherwise required by law.&nbsp;We have set out within this press release
certain preliminary estimated financial results for a portion of the three months ending June 30, 2023. These estimated financial results
are, incomplete, preliminary and subject to normal end of period closing procedures and, accordingly, are subject to change. They are
also subject to further internal review and the Company's independent auditor who have not completed their review. As a consequence, actual
results may differ from the preliminary results described herein. We also refer you to the risks described in ''Risk Factors'' in the
Company's Annual Report on Form 10-K, in Quarterly Reports filed on Form 10-Q, and in the other reports and documents it files with the
Securities and Exchange Commission.</FONT></P>
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