M&A - Royalty Management Holding Corp

Form Type: 10-K/A

Filing Date: 2025-04-15

Corporate Action: Merger

Type: Update

Accession Number: 000147793225002761

Filing Summary: Royalty Management Holding Corporation reports that it is filing an amendment to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, initially filed on March 28, 2024. The primary reason for this amendment is to include the compensation clawback policy, effective December 1, 2023, detailed in exhibit 97.1. The company completed a merger with Royalty Management Corporation, an Indiana corporation, on October 31, 2023, making RMC a wholly-owned subsidiary of RMCO. Furthermore, RMCO has changed its state of incorporation from Delaware to Florida as of March 20, 2025. As of April 15, 2025, the company has 14,958,817 shares of common stock outstanding and a market value of approximately $14,928,899. The document also reflects a growth in revenues and changes to operational expenses attributed to the company's merger activities and expansion strategies.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-04-02

Corporate Action: Merger

Type: Update

Accession Number: 000147793225002401

Filing Summary: This Schedule 13D/A is filed by White River Holdings LLC, which owns 7.7% of the Class A Common Stock of Royalty Management Holding Corporation. The filing reflects shares received as part of a merger with American Acquisition Opportunity Inc., during which the Issuer changed its name to Royalty Management Holding Corporation on October 31, 2023. The reporting party has acquired a total of 1,147,187 shares and exercises sole voting power over these shares. The filing indicates no recent legal issues or criminal proceedings involving the Reporting Person, and the shares were acquired solely for investment purposes. The ownership percentage is based on the Common Stock outstanding as of March 28, 2025.

Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Merger

Type: Update

Accession Number: 000147793225002151

Filing Summary: Royalty Management Holding Corporation (RMCO), incorporated in Delaware on January 20, 2021, underwent a significant merger with Royalty Management Corporation, solidifying RMC as a wholly owned subsidiary of RMCO on October 31, 2023. This merger enhances RMCO's operations as a royalty company focused on asset acquisition and cash flow generation to create shareholder value. Following this merger, RMCO moved its state of incorporation to Florida on March 20, 2025. The report includes financial highlights for the fiscal year ending December 31, 2024, indicating total revenues of $807,089, an increase from $488,520 in 2023, primarily due to growing business activities in environmental services. RMCO's total assets slightly rose to $15,040,664 while total liabilities significantly decreased from $3,926,243 to $1,414,940, largely due to conversions of accrued wages and notes payable into preferred stock. The company maintains a working capital deficit but believes it has the liquidity to meet obligations through at least the first quarter of 2026. Additionally, RMCO has initiated a stock repurchase program and it is in the process of exploring further funding for growth through equity or debt securities.