Royalty Management Holding Corp. Files 2024 10-K Amendment
Ticker: RMCOW · Form: 10-K/A · Filed: Apr 15, 2025 · CIK: 1843656
| Field | Detail |
|---|---|
| Company | Royalty Management Holding Corp (RMCOW) |
| Form Type | 10-K/A |
| Filed Date | Apr 15, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, stock-purchase-agreement, preferred-stock, liabilities
TL;DR
RMCO filed its 2024 10-K amendment, showing stock purchase deals and warrant liabilities.
AI Summary
Royalty Management Holding Corp. (RMCO) filed an amended 10-K for the fiscal year ending December 31, 2024. The filing details a Stock Purchase Agreement executed between January 1, 2025, and January 13, 2025, involving Series A preferred stock. Additionally, the company reported LBX Tokens and Warrant Liabilities as of December 31, 2024.
Why It Matters
This amendment provides updated financial information and disclosures for the fiscal year 2024, including details on recent stock purchase agreements and outstanding liabilities, which are crucial for investors assessing the company's financial health and future prospects.
Risk Assessment
Risk Level: medium — The filing includes details on stock purchase agreements and warrant liabilities, which can indicate potential dilution or financial obligations that may impact the company's stock value.
Key Numbers
- 14958817 — Total Assets (As of December 31, 2024)
- 14270761 — Total Liabilities (As of December 31, 2024)
- 1607886 — Net Income (For the fiscal year ended December 31, 2024)
Key Players & Entities
- Royalty Management Holding Corp. (company) — Filer
- American Acquisition Opportunity Inc. (company) — Former Company Name
- 12115 VISIONARY WAY SUITE 174 (address) — Business and Mail Address
- FISHERS, IN 46038 (address) — Business and Mail Address
- 20241231 (date) — Fiscal Year End
- 20250415 (date) — Filing Date
- Stock Purchase Agreement (legal_document) — Subsequent Event
- Series A preferred stock (security) — Subsequent Event
- LBX Tokens (asset) — Reported Item
- Warrant Liabilities (liability) — Reported Item
FAQ
What was the nature of the Stock Purchase Agreement mentioned as a subsequent event?
The filing indicates a Stock Purchase Agreement was executed between January 1, 2025, and January 13, 2025, related to Series A preferred stock.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 6794, which corresponds to Patent Owners & Lessors.
When did the company change its name from American Acquisition Opportunity Inc.?
The company changed its name on February 1, 2021.
What are the reported liabilities as of December 31, 2024?
As of December 31, 2024, the company reported Warrant Liabilities.
What was the net income for the fiscal year ended December 31, 2024?
The net income for the fiscal year ended December 31, 2024, was $1,607,886.
Filing Details
This Form 10-K/A (Form 10-K/A) was filed with the SEC on April 15, 2025 regarding Royalty Management Holding Corp (RMCOW).