Royalty Management Holding Corp. Q3 2024 Update

TL;DR

RMCO Q3 2024: Assets $149.3M, Liabilities $14.3M, Net Income $1.5M.

AI Summary

Royalty Management Holding Corp. (RMCO) filed its Q3 2024 10-Q report on November 15, 2024, for the period ending September 30, 2024. The company reported total assets of $149.3 million and total liabilities of $14.3 million. Net income for the nine months ended September 30, 2024, was $1.5 million.

Why It Matters

This filing provides investors with an update on Royalty Management Holding Corp.'s financial performance and position as of the end of the third quarter of 2024.

Risk Assessment

Risk Level: medium — The company's financial performance and the nature of its business, which involves royalty management, can present inherent risks.

Key Numbers

• $149.3M — Total Assets (As of September 30, 2024)
• $14.3M — Total Liabilities (As of September 30, 2024)
• $1.5M — Net Income (For the nine months ended September 30, 2024)

Key Players & Entities

• Royalty Management Holding Corp. (company) — Filer
• 20240930 (date) — Reporting Period End Date
• 20241115 (date) — Filing Date
• $149,329,180 (dollar_amount) — Total Assets
• $14,270,761 (dollar_amount) — Total Liabilities
• $1,506,219 (dollar_amount) — Net Income for the nine months ended September 30, 2024

FAQ

Key Financial Figures

• $0.0001 — ich 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) — 893KB
• rmco_ex211.htm (EX-21.1) — 2KB
• rmco_ex311.htm (EX-31.1) — 10KB
• rmco_ex312.htm (EX-31.2) — 11KB
• rmco_ex321.htm (EX-32.1) — 4KB
• rmco_ex322.htm (EX-32.2) — 6KB
• 0001477932-24-007289.txt ( ) — 5265KB
• rmco-20240930.xsd (EX-101.SCH) — 62KB
• rmco-20240930_lab.xml (EX-101.LAB) — 307KB
• rmco-20240930_cal.xml (EX-101.CAL) — 56KB
• rmco-20240930_pre.xml (EX-101.PRE) — 290KB
• rmco-20240930_def.xml (EX-101.DEF) — 188KB
• rmco_10q_htm.xml (XML) — 881KB

– 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 30 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.

Controls and Procedures

Controls and Procedures 33

– Other Information

Part II – Other Information Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 34 Item 6. Exhibits 35

– Signatures

Part III – Signatures 36 2 Table of Contents 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 safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical facts contained in this Report, including statements regarding our future results of operations and financial position, business strategy, plans and prospects, existing and prospective products, research and development costs, timing and likelihood of success, and plans and objectives of management for future operations and results, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements in this Report are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. These forward-looking statements speak only as of the date of this Report and are subject to a number of important factors that could cause actual results to differ materially from those in the forward-lookin

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View this 10-Q filing on SEC EDGAR