Renewable Technology Solutions, Inc. acquired Pledge Petroleum Corp. (OTCPK:PROP) in a reverse merger transaction on December 19, 2018. Pledge will issue 250 million shares of common stock equivalent to 52% stake on closing, and 0.15 million shares of Series D Preferred Stock following the expiration of unwind period to original shareholders of Renewable Technology. This will result in holders of Renewable Technology Solutions holding 88% stake in Pledge. Christopher Headrick will serve as the Chief Executive Officer of Pledge, while John Huemoeller be the Chairman, and John Zotos, and Christopher Headrick will serve on the Board of Directors of both Pledge, and Renewable Technology Solutions. Renewable Technology Solutions, Inc. completed the acquisition of Pledge Petroleum Corp. (OTCPK:PROP) in a reverse merger transaction on December 19, 2018.