# RONN Motor Group completes reverse merger with Lee Pharmaceuticals

RONN Motor Group completed its acquisition of Lee Pharmaceuticals in a reverse merger transaction on March 30, 2023. RONN Motor Group shareholders received shares of Lee Pharmaceuticals stock on a 1:1 exchange basis, and RONN Motor Group will be the surviving entity.

- Type: Acquisition
- Announced: 2023-03-29
- Where: United States
- Status: completed
- Products: hydrogen electrolyzers, hydrogen storage systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [RONN Motor Group](https://endata.com/companies/36877.md) (acquirer)
- [Lee Pharmaceuticals](https://endata.com/companies/69413.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/RONN-INC-120787205/news/RONN-Motor-Group-Inc-completed-the-acquisition-of-Lee-Pharmaceuticals-Inc-in-a-reverse-merger-tr-43391637/), 2023-03-29: "RONN Motor Group, Inc. completed the acquisition of Lee Pharmaceuticals, Inc. in a reverse merger transaction on March 30, 2023."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.