Ronn Announces the Submission of Its Confidential Application for S-1 Registration Related to Our Proposed Uplist to a Senior Exchange

Rhea-AI Summary

Ronn, Inc. (OTC PINK:RONN) has confidentially submitted a Form S-1 to the SEC for initial review, aiming to uplist its common stock to the NASDAQ Senior Exchange. The company plans an associated offering, though details on share numbers and price range are yet to be determined. The uplist is expected to proceed after SEC review, subject to market conditions and exchange approval. Ronn anticipates retaining its "RONN" ticker symbol.

CEO Ronn Ford highlighted the company's progress in overcoming regulatory challenges and marketing their hydrogen Hypercar. He also noted successes in securing hydrogen hub contracts with Indigenous Nations of Canada and acquiring new patented hydrogen technologies. Ford expressed optimism about the company's future in the emerging hydrogen industry.

Positive

• Confidential submission of Form S-1 for potential NASDAQ uplist
• Planned offering associated with the uplist
• Secured hydrogen hub contracts with Indigenous Nations of Canada
• Acquired new patented hydrogen technologies
• Progress in marketing hydrogen Hypercar

Negative

• Undetermined number of shares and price range for the proposed offering
• Uplist subject to SEC review, market conditions, and exchange approval

SCOTTSDALE, AZ / ACCESSWIRE / October 4, 2024 / Ronn, Inc. (OTC PINK:RONN) announced that it has confidentially submitted a Form S-1 to the Securities and Exchange Commission (the "SEC") regarding the pr initial review and the company's proposed uplist of RONN's common stock to the NASDAQ Senior Exchange. There will be an expected offering associated with this uplist. The number of shares to be offered and the price range for the proposed offer have not yet been determined. The initial up-list is expected to occur as soon as possible after the SEC completes its review process, subject to market and other conditions and review by senior exchanges. We are expected to continue under the ticker "RONN."

Ronn Ford, company CEO, stated, "It has been a long and arduous process to put the company back into a position for a senior exchange listing. Our team has worked tirelessly through the various regulatory issues and processes to market our hydrogen Hypercar and much-needed awareness of our successes in closing hydrogen hub contracts with the Indigenous Nations of Canada and acquiring new patented hydrogen technologies. We, as a company, look forward to the future and continued success as the hydrogen industry emerges as the power of the future."

Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause or contribute to such differences include, but are not limited to, the success of RONN, Inc. initiatives in the hydrogen tax credit market. RONN, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations, offers to buy, or any sales of securities will be made per the registration requirements of the Securities Act of 1933, as amended ("Securities Act"). This announcement is being issued under applicable securities laws.

Contact Information
John Morgan
IR
jmorgan@ronnmotorgroup.com

SOURCE: RONN, Inc

View the original press release on accesswire.com

FAQ

What is Ronn's (RONN) plan for uplisting its stock?

Ronn (RONN) has confidentially submitted a Form S-1 to the SEC, aiming to uplist its common stock from the OTC Pink market to the NASDAQ Senior Exchange.

Will Ronn (RONN) conduct an offering with its proposed uplist?

Yes, Ronn (RONN) plans to conduct an offering associated with its proposed uplist to NASDAQ, though the number of shares and price range have not yet been determined.

What recent business developments has Ronn (RONN) announced?

Ronn (RONN) has announced securing hydrogen hub contracts with Indigenous Nations of Canada, acquiring new patented hydrogen technologies, and progress in marketing its hydrogen Hypercar.

When is Ronn (RONN) expected to complete its uplist to NASDAQ?

Ronn (RONN) expects to complete its uplist as soon as possible after the SEC completes its review process, subject to market conditions and exchange approval.