Beam Global (BEEM)

[RNsidersbuying]

Capitalization

On July 2, 2018, we filed with the Securities and Exchange Commission a Registration Statement on Form S-1 to raise equity capital through the offer and sale of units consisting of shares of our common stock and warrants to purchase additional shares of common stock. The Company is also applying to list its common stock for trading on the NASDAQ Capital Market upon the closing of the offering, if it closes. The public offering is expected to be made through a firm commitment underwriting conducted by Maxim Capital Group, Inc., a registered member of the Financial Industry Regulatory Authority (“FINRA”). The offering is expected to raise $10,000,005 through the sale of 666,667 units, for $15.00 per unit, each unit consisting of one share of the Company’s common stock coupled with a warrant to purchase a future share of the Company’s common stock for $18.00 per share. The Company will perfect a 75 to 1 reverse split as a part of this transaction.

https://www.otcmarkets.com/filing/html?id=13065044&guid=kfe8UK1DvCaWbth

Any updates on the R/S proceeding? The uplist is a great thing while the R/S could crush current retail shareholders? Did everyone look at the 9-month year-over-year numbers? Disappointing at best! Can Dez spell "m-a-t-h"