Royalty Management Holding Corp. Q1 2024 10-Q Filed

TL;DR

**RMCO Q1 2024:** Assets $145M, Liabilities $14.3M. New deals with TR Mining & Westside Advisors. LBX Tokens issued.

AI Summary

Royalty Management Holding Corp. (RMCO) filed a 10-Q for the period ending March 31, 2024. The company reported total assets of $145.04 million and total liabilities of $14.27 million. Significant subsequent events include agreements with TR Mining and Equipment Ltd. and Westside Advisors, along with the issuance of LBX Tokens.

Why It Matters

This filing provides a snapshot of Royalty Management Holding Corp.'s financial health and outlines key business developments and agreements that could impact its future performance.

Risk Assessment

Risk Level: medium — The company has a significant amount of assets relative to liabilities, but the nature of its business and recent agreements warrant a medium risk assessment.

Key Numbers

• $145.04M — Total Assets (As of March 31, 2024)
• $14.27M — Total Liabilities (As of March 31, 2024)
• $0.0001 — Common Stock Par Value (Indicates low nominal value per share)

Key Players & Entities

• Royalty Management Holding Corp. (company) — Filer
• 14504095 (dollar_amount) — Total Liabilities
• 14270761 (dollar_amount) — Total Liabilities
• TR Mining and Equipment Ltd. (company) — Subsequent Event
• Westside Advisors (company) — Subsequent Event
• LBX Tokens (company) — Subsequent Event

FAQ

Key Financial Figures

• $0.0001 — ) registered Common stock par value $0.0001 per share RMCO The Nasdaq Stock Mar
• $11.50 — of common stock at an exercise price of $11.50 per share RMCOW The Nasdaq Stock Ma

Filing Documents

• rmco_10q.htm (10-Q) — 728KB
• rmco_ex21.htm (EX-21.1) — 2KB
• rmco_ex311.htm (EX-31.1) — 14KB
• rmco_ex312.htm (EX-31.2) — 14KB
• rmco_ex321.htm (EX-32.1) — 6KB
• rmco_ex322.htm (EX-32.2) — 6KB
• 0001477932-24-003296.txt ( ) — 4736KB
• rmco-20240331.xsd (EX-101.SCH) — 62KB
• rmco-20240331_lab.xml (EX-101.LAB) — 304KB
• rmco-20240331_cal.xml (EX-101.CAL) — 55KB
• rmco-20240331_pre.xml (EX-101.PRE) — 277KB
• rmco-20240331_def.xml (EX-101.DEF) — 165KB
• rmco_10q_htm.xml (XML) — 739KB

– Financial Information

Part I – Financial Information Item 1. Interim Financial Statements Condensed Consolidated Balance Sheets (Unaudited) 5 Condensed Consolidated Statements of Operation (Unaudited) 6 Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) 7 Condensed Consolidated Statements of Cash Flows (Unaudited) 8 Notes to Unaudited Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 30 Item 4.

Controls and Procedures

Controls and Procedures 30

– Other Information

Part II – Other Information Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31 Item 6. Exhibits 31

– Signatures

Part III – Signatures 33 2 Table of Contents EXPLANATORY NOTE On October 31, 2023, we consummated the business combination, or the Business Combination, contemplated by the Agreement and Plan of Merger, with RMC Sub Inc. ("Merger Sub"), a wholly-owned subsidiary of American Acquisition Opportunity Inc. ("AMAO"), a special purpose acquisition company, which is our predecessor, and Royalty Management Co. ("Legacy Royalty"). Pursuant to the Merger Agreement, Merger Sub was merged with and into Legacy Royalty, with Legacy Royalty surviving the merger as a wholly owned subsidiary of AMAO (the "Business Combination"). Upon the closing of the Business Combination, AMAO changed its name to Royalty Management Holdings Co. with its Class A common stock continuing to be listed on Nasdaq under the ticker symbol "RMCO," its warrants continuing to be listed on Nasdaq under the symbol "RMCOW. Royalty Management Holding co. became the successor entity to AMAO pursuant to Rule 12g-3(a) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As used in this Report, unless otherwise indicated or the context otherwise requires, references to "we," "us," "our," the "company" and "Royalty" refer to the consolidated operations of Royalty Holdings co. and its subsidiaries. References to "AMAO" refer to the company prior to the consummation of the Business Combination and references to "Legacy Royalty" refer to Royalty Management Co. prior to the consummation of the Business Combination. Except as otherwise expressly provided herein, the information in this Report does not reflect the consummation of the Business Combination, which, as discussed above, occurred subsequent to the period covered hereunder. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This Report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the sa

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