RONN Motor Group Announced the Merger and Takeover of LPHM is Nearly Completed
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.
- Successful completion of key filings for the merger.
- Strategic rebranding to highlight focus on the hydrogen economy.
- Plans for uplisting to NASDAQ could enhance visibility.
- S-1 filing delayed due to unfavorable market conditions.
Today, RONN Motor Group announced all significant filings have been completed, including the u-1 filing, which can be viewed at, https://www.sec.gov/Archives/edgar/data/58411/000139390523000118/lphm_1u.htm
RONN Motor Group is a multi-National hydrogen solution company that innovates mobility, stationary, and marine applications.
RONN Motor Group created one of the first hydrogen-assisted supercars in 2008 and has been active in the automotive space for many years. After seeing the need for clean energy globally, in many applications besides automotive, RONN Motor Group is changing the Company's name to highlight a broader vision of the future and its 15-year focus on the hydrogen economy.
RONN Motor Group will be submitting the application for a corporate name change to "RONN" along with a ticker change, but their iconic logo will remain.
"We believe hydrogen solutions can make a significant difference in a cleaner future beyond just mobility,"
Additionally, Mr. Ford stated the Company's form 10 submission had begun; noted RONN plans to complete their S-1in 2023, which was delayed in 2022 due to market conditions.The S-1 will be completed with updated financials to focus an up list when market conditions improve.
"After many years of following RONN, I am excited to participate in the new season of growth with the companyentering into their revenue stage," John Morgan, former CEO of LPHM and member of the RONN executive team. John added that he would be on the transition team to move from the OTC to OTCQB and onto NASDAQ.
For more information click link: Website or contact Sheila R.Stewart at 480.414.9922(c) or SStewart@RonnMotorGroup.com
DISCLOSURE: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, the ability of
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FAQ
What is the current status of the merger between RONN Motor Group and Lee Pharmaceuticals (LPHM)?
What changes will occur due to the merger involving LPHM?
What are RONN Motor Group's future plans after the merger with LPHM?
Why was the S-1 filing for RONN Motor Group delayed?
How might the merger impact the stock performance of LPHM?
