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RONN Motor Group (OTC: LPHM) has completed its reverse merger with Lee Pharmaceutical and is applying to change its corporate name to RONN Inc. CEO Ronn Ford announced that this merger is a critical step in their growth strategy. The company is progressing with their Form 10 registration upon receiving year-end 2022 audited financials, aiming to up-list to the OTCQB, which will enhance shareholder liquidity and support a future NASDAQ listing. The new ticker is expected soon. RONN focuses on sustainable transportation solutions, particularly hydrogen fuel cell electric vehicles (HFCEVs), aiming to capitalize on the shift to de-carbonization alternatives.
RONN Motor Group (OTC: LPHM) announced on March 24, 2023, its selection of commerTECH as the exclusive software development partner for its Hydrogen Fuel Cell (HFCEV) logistic medium-duty trucks. CommerTECH, recognized for its expertise in automotive software solutions, will manage product information, vehicle communications, and telematics. The HFCEVs promise zero-emission logistics with ranges exceeding 300 miles and up to 500 miles with additional hydrogen storage. RONN Motor Group aims to innovate within the automotive sector, focusing on sustainable energy for transport and plans to expand its offerings into SUVs while negotiating distribution agreements globally.
Lee Pharmaceuticals (OTC: LPHM) announced that RONN Motor Group's reverse triangular merger is nearing completion as of March 15, 2023. Significant filings, including the u-1 filing, have been completed. RONN, a pioneering hydrogen solutions company, is rebranding to emphasize a broader vision focused on the hydrogen economy. The company plans to file for a new corporate name and ticker change while maintaining its logo. RONN aims to complete its S-1 filing in 2023, delayed due to market conditions. Former CEO John Morgan expressed enthusiasm for the company's transition to revenue generation and plans for uplisting to NASDAQ.
RONN Motor Group (OTC:LPHM) appointed Sheila R. Stewart as Chief Global Corporate Strategist and formed an exclusive deal with Sonic Seven Communications, enhancing its marketing capabilities. This strategic move aims to effectively launch the company's hydrogen fuel cell vehicles in line with global zero-emissions initiatives. Stewart brings extensive experience from her work with major brands and is passionate about the automotive industry and sustainability. Following a reverse triangular merger, RONN is preparing for audits and plans to uplist to OTCQB and eventually Nasdaq.
RONN Motor Group (OTC: LPHM) announced its expansion into the urban delivery market with a new line of electric hydrogen fuel cell vehicles. This dedicated logistics division will produce Class 3 to Class 6 Hydrogen Fuel Cell Electric Vehicles (HFCEV), designed to travel over 300 miles on a single fueling. The vehicles will feature a range of models, catering to logistics customers seeking zero-emission solutions. Prototypes are expected by Q4 2023, with fleet showcases planned for Q2 2024. CEO Ronn Ford emphasized the growing demand for zero-emissions logistics, claiming the company's technology can quickly adapt to meet market needs.
On February 16, 2023, Lee Pharmaceuticals (OTC: LPHM) announced a reverse triangular merger with RONN Motor Group. RONN Motor Group, known for its hydrogen fuel cell vehicles, will be the surviving entity post-merger. This strategic move aims to enhance RONN's market presence and expand its global operations. Lee Pharmaceuticals plans to modify its Reg A offering to adjust the share price to $3. RONN intends to pursue an OTCQB status, providing shareholders with liquidity as it prepares for revenue generation in early 2024 and considers a potential private placement for new capital. This merger positions RONN as a leader in hydrogen technology.
Lee Pharmaceuticals (OTC Pink: LPHM) completed a change of control with Accelerate Global Market Solutions, Corp (AGMSC) involving AGMSC's acquisition of LPHM's Special Series A Preferred. John Morgan was appointed CEO, while Benjamin Berry resigned but will remain as a consultant. The company is transitioning to the Technology & Security sector, with future strategic plans aimed at increasing shareholder value anticipated in the upcoming weeks. The company emphasizes a focus on the emerging market and is working on finalizing necessary audits and reports.
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