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Beam Global – ‘S-1’ on 9/16/22 – ‘EX-5.1’

On:  Friday, 9/16/22, at 5:25pm ET   ·   Accession #:  1683168-22-6470   ·   File #:  333-267485

Previous ‘S-1’:  ‘S-1/A’ on 4/15/19   ·   Latest ‘S-1’:  This Filing   ·   24 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/16/22  Beam Global                       S-1                   15:783K                                   GlobalOne Filings Inc/FA

Registration Statement (General Form)   —   Form S-1   —   SA’33

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Registration Statement (General Form)               HTML    474K 
 2: EX-5.1      Opinion of Weintraub Tobin                          HTML     16K 
 3: EX-23.1     Consent of Independent Registered Public            HTML      7K 
                Accounting Firm (Rsm Us LLP)                                     
 4: EX-23.2     Consent of Independent Registered Public            HTML      7K 
                Accounting Firm (Salberg & Company, P.A.)                        
 5: EX-23.3     Consent of Expert or Counsel                        HTML      7K 
 6: EX-FILING FEES  Calculation of Filing Fee Tables                HTML     12K 
10: R1          Cover                                               HTML     34K 
13: XML         IDEA XML File -- Filing Summary                      XML     14K 
11: XML         XBRL Instance -- beam_s1_htm                         XML     14K 
12: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 8: EX-101.LAB  XBRL Labels -- beem-20220916_lab                     XML     97K 
 9: EX-101.PRE  XBRL Presentations -- beem-20220916_pre              XML     65K 
 7: EX-101.SCH  XBRL Schema -- beem-20220916                         XSD     13K 
14: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    34K 
15: ZIP         XBRL Zipped Folder -- 0001683168-22-006470-xbrl      Zip    103K 


‘EX-5.1’   —   Opinion of Weintraub Tobin


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 5.1

 

 

 

 

 

September 16, 2022

 

Beam Global
5660 Eastgate Dr.

San Diego, California 92121

 

 

 

Re:           Registration Statement on Form S-1

 

Ladies and Gentlemen:

 

We are issuing this opinion letter in our capacity as legal counsel to Beam Global, a Nevada corporation (the “Company”). This opinion letter is being delivered in connection with the preparation of the Registration Statement on Form S-1 (such Registration Statement, as it may be subsequently amended or supplemented, is hereinafter referred to as the “Registration Statement”) filed with the Securities and Exchange Commission (the “Commission”) on September 16, 2022 under the Securities Act of 1933, as amended (the “Securities Act”), by the Company.

 

The Registration Statement relates to the resale of up to 2,015,985 shares of our common stock, par value $0.001 per share (“Common Stock”) issued by the Company to the selling stockholder of the Company named in the Registration Statement (the “Selling Stockholder”), consisting of (i) 10,484 shares of Common Stock currently held by the Selling Stockholder (“Commitment Shares”) and (ii) up to 2,005,501 shares of Common Stock to be issued and sold by the Company to the Selling Stockholder pursuant to the Common Stock Purchase Agreement, dated September 2, 2022, by and between the Company and B. Riley Principal Capital, LLC, as described in the Registration Statement (“Purchase Shares”). The Commitment Shares and the Purchase Shares are collectively referred to herein as the “Securities.”

 

In connection with the registration of the Securities, we have examined originals, or copies certified or otherwise identified to our satisfaction, of such documents, corporate records and other instruments as we have deemed necessary for the purposes of this opinion, including: (i) the organizational documents of the Company, (ii) resolutions of the Company with respect to the registration of the Securities and (iii) the Registration Statement and the exhibits thereto.

 

For purposes of this opinion, we have assumed the authenticity of all documents submitted to us as originals, the conformity to the originals of all documents submitted to us as copies and the authenticity of the originals of all documents submitted to us as copies. We have also assumed the legal capacity of all natural persons, the genuineness of the signatures of persons signing all documents in connection with which this opinion is rendered, the authority of such persons signing on behalf of the parties thereto other than the Company and the due authorization, execution and delivery of all documents by the parties thereto other than the Company. We have not independently established or verified any facts relevant to the opinions expressed herein, but have relied upon statements and representations of the officers and other representatives of the Company and others as to factual matters.

 

Based upon the foregoing and subject to the assumptions, qualifications and limitations set forth herein, we are of the opinion that (i) the Commitment Shares have been validly issued and are fully paid and nonassessable and (ii) the Purchase Shares, when sold and issued against payment therefor in accordance with the Agreement, the Registration Statement and the Prospectus, will be validly issued, fully paid and nonassessable.

 

 

 

 C: 
  C: 1 

 

 

We are admitted to practice law in the State of California, and we render this opinion only with respect to, and express no opinion herein with concerning the application or effect of the laws of any jurisdiction other than, the existing laws of the United States of America, of the State of California and of the State of Nevada, including all applicable provisions of the Constitution of the State of Nevada and reported judicial decisions relating thereto.

 

We hereby consent to the filing of this opinion with the Commission as Exhibit 5.1 to the Registration Statement. We also consent to the reference to our firm under the heading “Legal Matters” in the Registration Statement. In giving this consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission.

 

We do not find it necessary for the purposes of this opinion, and accordingly we do not purport to cover herein, the application of the securities or “Blue Sky” laws of the various states to the issuance and sale of the Securities.

 

This opinion letter is rendered as of the date first written above and we disclaim any obligation to advise you of facts, circumstances, events or developments which hereafter may be brought to our attention and which may alter, affect or modify the opinion expressed herein. Our opinion is expressly limited to the matters set forth above and we render no opinion, whether by implication or otherwise, as to any other matters relating to the Company or the Securities, or any other agreements or transactions that may be related thereto or contemplated thereby. We are expressing no opinion as to any obligations that parties other than the Company may have under or in respect of the Securities or as to the effect that their performance of such obligations may have upon any of the matters referred to above. No opinion may be implied or inferred beyond the opinion expressly stated above.

 

Very truly yours,

 

/s/ Weintraub Tobin Chediak Coleman Grodin Law Corporation

WEINTRAUB TOBIN CHEDIAK COLEMAN GRODIN LAW CORPORATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 C: 
 2 

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-1’ Filing    Date    Other Filings
Filed on:9/16/22D
9/2/228-K
 List all Filings 


24 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/02/22  Beam Global                       8-K:1,3,9   9/02/22   13:1.2M                                   GlobalOne Filings Inc/FA
 2/23/22  Beam Global                       8-K:1,3,7,9 2/16/22   12:674K                                   GlobalOne Filings Inc/FA
 6/14/21  Beam Global                       8-K:5,8,9   6/09/21    2:178K                                   GlobalOne Filings Inc/FA
 2/12/21  Beam Global                       8-K:1,5,9   2/09/21    3:206K                                   GlobalOne Filings Inc/FA
11/12/20  Beam Global                       10-Q        9/30/20   47:13M                                    GlobalOne Filings Inc/FA
 9/14/20  Beam Global                       8-K:5,9     9/11/20    2:344K                                   GlobalOne Filings Inc/FA
 3/30/20  Beam Global                       10-K       12/31/19   79:4.5M                                   GlobalOne Filings Inc/FA
11/14/19  Beam Global                       10-Q        9/30/19   57:2.8M                                   GlobalOne Filings Inc/FA
 8/14/19  Beam Global                       10-Q        6/30/19   58:2.6M                                   GlobalOne Filings Inc/FA
 7/23/19  Beam Global                       8-K:5,9     7/23/19    3:48K                                    GlobalOne Filings Inc/FA
 4/18/19  Beam Global                       8-K:1,5,8,9 4/16/19    6:745K                                   GlobalOne Filings Inc/FA
 4/11/19  Beam Global                       S-1/A                  4:2.3M                                   GlobalOne Filings Inc/FA
 4/04/19  Beam Global                       S-1/A                 87:6.9M                                   GlobalOne Filings Inc/FA
 3/25/19  Beam Global                       S-1/A       3/22/19   87:6.2M                                   GlobalOne Filings Inc/FA
 3/20/19  Beam Global                       10-K       12/31/18   86:5.3M                                   GlobalOne Filings Inc/FA
11/14/18  Beam Global                       S-1/A                 89:7.8M                                   Chilcote Candi M/FA
 9/24/18  Beam Global                       S-1/A                 92:10M                                    Chilcote Candi M/FA
 8/31/18  Beam Global                       8-K:1,2,9   8/27/18    4:139K                                   Chilcote Candi M/FA
 9/22/17  Beam Global                       8-K:1,9     9/18/17    6:190K                                   Chilcote Candi M/FA
10/20/16  Beam Global                       8-K:5,9    10/18/16    2:89K                                    Chilcote Candi M/FA
 7/16/14  Beam Global                       8-K:5,9     7/11/14    3:30K                                    Chilcote Candi M/FA
 8/15/11  Beam Global                       10-Q        6/30/11   35:2.3M                                   Publicease Inc./FA
 2/12/10  Beam Global                       8-K:2,3,5,9 2/10/10   35:22M                                    EdgarAgents LLC/FA
11/02/07  Beam Global                       SB-2                   5:144K                                   Global Fin’l Corp./FA
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Filing Submission 0001683168-22-006470   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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