Yes, a new company was formed for the purpose of the merger. There are three companies involved: JP Energy Partners - owners of the energy business and the food business. JP Energy Group (without the llc, which is limited liability company) - It has been around and is sometimes interchangeably used with the above. JP Energy Group LLC. formed in September 2023 to facilitate the reverse merger. It is basically an EMPTY company. It has one employee - John Parks. Company Name: JP ENERGY GROUP LLC Entity Type: NEW JERSEY DOMESTIC LIMITED-LIABILITY COMPANY File Number: 451017383 Filing State: New Jersey (NJ) Filing Status: Active Filing Date: September 1, 2023 Company Age: 2 Months Registered Agent: John Park 510 Hamilton Street, Apt 425 Somerset, NJ 08873 Mailing Address: 510 Hamilton Street, Unit 101 Somerset, NJ 08873
JP Energy PARTNERS acquired the sugar contract back in about May, 2023. JP Energy PARTNERS is transferring (or has transferred) the sugar contract to JP Energy Group LLC. JP Energy Group LLC must raise the financing for the sugar contract. Part of the reasoning for going public through a reverse merger is to obtain financing more easily. JP Energy, as a private company has played fast and loose with its terminology. You simply cannot go by the terms used unless you see who signs the 8Ks and agreements.
JP Energy Group LLC has a stated purpose: JP Energy Group’s mission is to become a global supplier of top-quality food products and commodities for its clients in the Pacific Rim. This strategic move underscores JP Energy Group's unwavering commitment to delivering excellence to international markets and solidifying its position in the global food distribution network. The audit of JP Energy Group will be filed within 75 days following the acquisition's completion. (They left off the LLC) But if you look at the signatures on the contract, it says LLC Contract signatures
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