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$AMAO Royalty Management Corporation To Become Publicly Listed Through Merger With American Acquisition Opportunity Inc.
$AMAO micro float spac with NAV protection. Super early!
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AMAO closed the business combination on October 31, so they closed the deal on the last possible day. Extension was good through October 31. "[As previously announced, on October 31, 2023](https://www.sec.gov/Archives/edgar/data/1843656/000147793223008092/amao_8k.htm#:~:text=As%20previously%20announced%2C%20on%20October%2031%2C%202023) (the “Closing Date”), Royalty Management Holding Corporation (formerly known as American Acquisition Opportunity Inc.) (prior to consummation of the Business Combination (as defined below), “AMAO” and after consummation of the Business Combination, the “Company”) announced that **the business combination** (the “Business Combination”) **between AMAO and Royalty Management Corporation** (“Royalty”), an Indiana corporation, **was completed on October 31, 2023 pursuant to the Agreement and Plan of Merger**, dated as of June 28, 2022 (as amended by Amendment No. 1, dated as of November 27, 2022, and Amendment No. 2, dated as of April 25, 2023) by and among AMAO, Royalty and Royalty Merger Sub Inc., an Indiana corporation and wholly owned subsidiary of AMAO (the “Business Combination Agreement”)." "[FISHERS, IN / ACCESSWIRE / November 1, 2023 /](https://www.accesswire.com/viewarticle.aspx?id=798415&lang=en#:~:text=FISHERS%2C%20IN%20/%20ACCESSWIRE%20/%20November%201%2C%202023%20/) American Acquisition Opportunity Inc. (NASDAQ:AMAO) (the "Company") announced today that, **effective October 31, 2023**, it has closed its previously announced acquisition of Royalty Management Co ("RMC"), a royalty company building shareholder value to benefit both our shareholders and communities by acquiring and developing high value assets in a sustainable market environment. Concurrent with the business combination, the Company was renamed "Royalty Management Holding Corporation."
AMAO to RMCO Bailed on BYON at $17. Wasn’t getting the hype I thought
AMAO was supposed to liquidate on 31st and still managed to close after their charter expired (WTF?). Anything goes. If the market doesn't believe the NAV floor is coming back, it probably has good reason to think so imo.
AMAO/RMCO too. Perhaps we might see some more sympathy plays today.
[Royalty Management Holding Corporation Announces Trading on Nasdaq](https://www.accesswire.com/798853/royalty-management-holding-corporation-announces-trading-on-nasdaq) \- AMAO -> RMCO AMAOW -> RMCOW on November 6, 2023
I theorize they redemption reversal dropped it when it got halted up post $FRBN haywire day. same with $AMAO, it somehow crashes lower right after being uphalted
[American Acquisition Opportunity Inc. Closes Previously Announced Acquisition of Royalty Management Corporation](https://www.accesswire.com/viewarticle.aspx?id=798415&lang=en) \- AMAO AMAOW "Royalty Management Holding Corporation's application with Nasdaq is still pending and the Class A common stock and warrants are continuing to trade under "AMAO" and "AMAOW" respectively . "
[American Acquisition Opportunity Inc Shareholders Approve Business Combination with Royalty Management Corporation](https://www.reddit.com/r/Spacstocks/comments/17jvrmi/american_acquisition_opportunity_inc_shareholders/) \- AMAO AMAOW Calculated 126,425 public shares remaining.
"[American Acquisition Opportunity Inc](https://www.sec.gov/Archives/edgar/data/1843656/000147793223007939/amao_8k.htm#:~:text=8.01.%20Other%20Events-,American%20Acquisition%20Opportunity%20Inc,-.%20(the%20%E2%80%9CCompany%E2%80%9D)%20announced). (the “Company”) announced today that it has been informed by Nasdaq that there is uncertainty that Nasdaq will have completed its review of the Company’s listing application in connection with its business combination with Royalty Management Corporation to permit trading in the combined company’s securities upon closing of the transaction which must occur no later than October 31, 2023. The Company is in active discussions with the Nasdaq staff as well as with alternative exchanges as additional options for a trading market. There are no assurances that approval from any exchanges will be obtained or the timing thereof. The boards of directors of both companies have determined that they will waive the condition to closing that a Nasdaq listing shall have been obtained." AMAO AMAOW
RIP $AMAO pump. $FRBN bros trying to catch a T-12 aren't they?
AMAO halted at 12.73. FRBN at 31.. are we back?
$AMAO will be very low float and no natural seller. should be interesting to see how it trades. I think the deal will go through as the only real shares out there are the sponsor shares and they are voting for. no minimum cash requirement
$AMAO when does the NAV floor drop? I remember 2 days before vote, so at Thursday?
anyone holding $AMAO got their shares changed already?
$AMAO Delisted to OTC even though they said they would appeal. Got 2000 shares here..., hope my broker can handle it.
$AMAO redemption numbers, another 170K redeemed. 348K remains outstanding. hard to say anything what it will do, might just dump because people got used to crazy low outstanding floats.
$AMAO had an extension vote passed around 10 days ago. Shouldn't they file how many redemptions there were?
[American Acquisition Opportunity Inc Schedules September 18, 2023 Shareholder Meeting to Vote to Extend from September 22, 2023 to October 31, 2023](https://www.sec.gov/Archives/edgar/data/1843656/000165495423011693/amao_def14a.htm) \- AMAO AMAOW Apparently AMAO thinks they can schedule the business combination vote meeting and complete the merger with Royalty Management Corporation before Halloween. "Class A Common Stock, 555,611 [shares at redemption value](https://www.sec.gov/Archives/edgar/data/1843656/000147793223006284/amao_10q.htm#:~:text=Class%20A%20Common%20Stock%20at%20%2410.10%20per%20shares%2C%20555%2C611%20in%20June%202023%20and%20742%2C308%20in%20December%202022%20shares%20at%20redemption%20value) ". Current float. "Based upon the trust account balance as of August 31, 2023 of $5,552,997, the Company estimates that the per-share price at which public shares may be redeemed from cash held in the trust account will be approximately $10.56 at the time of the special meeting."
I think extension plays aren't going to have crazy redemptions anymore. Everyone is prepositioned, especially if they are higher than NAV. AMAO has a deadline next month I think and I don't expect anything there.
What are people's favorite NAV low float extension bs atm? I own $AMAO(10.2 avg), 500K float $DUNE(10.01 avg), 1.2M float
$AMAO needs to pump to avoid my bankruptcy on dried beef snacks.
AMAO today with 103k volume & only 525k float. Been acting odd like that lately. My likely candidate for one of those silly SPAC explosions.
$AMAO gang, 4K shares. Arbs should be out after this volume day.
I'll be watching AMAO closely next week, there is definitely some day trader, monkey-games going on with it the last few days, but then especially today. Only a 525k float. If it happens, it's one of those that's like a water filing a tub and then BOOM, it overflows. Check out the activity for the last week, but then especially the last 10 minutes today. I'm also getting hopetimistic for BREZ as it has both Trump Jr. and Tucker Carlson connections, a low float, and even though it's not over NAV, for whatever reason people arent selling, which leads me to believe this is now primarily in retail hands rather than arbitrage equity hands.
Well then AMAO has absolutely massive run potential if a guy with only 3k TWTR followers can move it this much.
He's made call after call that has run. He's tweeted about AMAO two different times and it ran a little both times.
Weirdly large trades on AMAO given how low float it is. Not seeing news so I'm going to assume SOP low-float SPAC craziness.
For examples, look at how some NAV protected low-float SPACs seemed to percolate this week (AMAO, BREZ etc..). I own both so I'm hoping we get more runs, but if not I collect the interest.
i remember AMAO from a freaking year ago, crazy how long these things last
Doesn't seem like it. A search of the ticker sows there's only a handful of comments on AMAO for the entire day on Twitter.
AMAO with an interesting move higher today. Not seeing any news, but float on this one is only 525,611 shares with NAV protection of approximately $10.47. Might just be people piling tino low-float NAV protected SPACs? Might also explain BREZ's move higher yesterday as well. SPACs are (sort of) back?
it won't do much anyway. AMAO was trading the same as BREZ and only ended up with a 30% redemption rate. comparing that to BREZ that leads to 1.3M shares. Only good thing is BREZ has options, but OI is paltry still.
these things dont really move, pre merger extension votes. See AMAO, which only hit 10.75 on a 500K sharefloat. At least here there are some options, but open interest is not massive.
What's the NAV on AMAO?. Seeing some figures like 10.16, but not sure this is the most recent one.
AMAO 216,697 redemptions at ext meeting leaving 545,611 shares
damn AMAO still hasn’t merged? wtf haha
Are there any SPACs about to deSPAC that I'm unaware of? Those with DAs and with a March deadline like AMAO, NBST, BREZ, GIA and WTMA are all voting to extend the merger date to September.
The only problem with these NAV protection low floaters is that they just don't do much. No matter how low the float is they fizzle out. $RAM, $BREZ, $AMAO, even $HHGC fizzled out despite news coming out that it was below 300k shares remaining. Now $MLAC and it barely moved 3% after hours.
The four business day window is for a ***business combination vote***, four days [after the business combination closes](https://viewpoint.pwc.com/dt/us/en/pwc/in_depths/2021/domestic_spac_mergers/domesticspacmergers/super8k.html). Not sure, but do not think they are required to disclose redemption numbers for an extension vote within any certain time, certainly not within four business days. For example, AMAO [held an extension meeting](https://www.sec.gov/Archives/edgar/data/1843656/000147793222007145/amao_8k.htm) on September 22, 2022. They finally disclosed the redemptions [on October 7](https://www.sec.gov/Archives/edgar/data/1843656/000147793222007503/amao_8k.htm). That was eleven business days after the vote was held.
bought some AMAO - floor and 700+ K float is pretty good. Surprised it has not run
Bought some AMAO today from 10.35 and on friday a little bit on from 10.51.
AMAO has to be a low float setup as 740k is still very low. Instead of front load theory I feel like these run only when pumpers benefit from being early unless you don't have to sell the low float story which can be the case with AMAO
The good news: I bought as much of AMAO as I could last week. The bad news: my broker (Trading212 🇬🇧) restricted me to a grand total of 36 shares.
here’s hoping i can get into AMAO sub 11. my trading portfolio doesn’t have premarket. my spacfolio does i refuse to to put anymore money into it. when i sell, money gets transferred out
[AMAO redemptions released](https://www.sec.gov/Archives/edgar/data/1843656/000147793222007503/amao_8k.htm). "On October 6, 2022, American Acquisition Opportunity Inc. (the “Company”) announced the results of the redemptions from their special meeting of stockholders held on September 22, 2022. Prior to the meeting, there were 1,562,685 shares of the Company’s Class A common stock issued and outstanding and entitled to seek redemption of which 820,377 shares were redeemed at a per share redemption price of $10.15610656 or $ 8,331,836.23 in the aggregate. **There are 742,308 shares of Class A common stock that remain outstanding** along with 2,726,500 shares of the Company’s Class B common stock."
If AMAO doesn't release the 8-k for whatever reason, which it is now looking like, is there another filing we can expect it in? Tyia
lol at this tweet from AMAO Sep 23 Extension vote completed! We couldn’t be happier to focus on getting our acquisition of u/royaltymgmtcorp completed. Low float, no external pipe pressure. Cash flow driven royalty company when cash flow matters $AMAO
ALTU had a non-redeeming agreement with some holders, [announced in June](https://www.globenewswire.com/news-release/2022/06/08/2459237/0/en/Altitude-Acquisition-Corp-Announces-Non-Redemption-Agreements.html), for 1.25 million shares. The press release said that was for the previous extension ( until October 11 ). Then this morning, [they announced](https://www.sec.gov/Archives/edgar/data/1822366/000119312522258350/d149532d8k.htm) 223,124 shares in a non redeeming agreement, and that "**Based on the redemption results ahead of the special meeting** on October 6, 2022 and assuming the Extension is adopted, the Company expects over $15 million to remain in the trust account following the effectiveness of the Extension." Wonder if the original non-redeeming shareholders decided to extend that agreement? That would conveniently add up to around 1.5 million shares. In the meantime, still waiting for AMAO redemption figures to get released. That *could be* less than 500,000 shares in the float after their September 22 extension vote, redemption figures never released.
American Acquisition Opportunity ( AMAO ) ***might be*** a super low float. Shareholders just [approved an extension](https://www.sec.gov/Archives/edgar/data/1843656/000147793222007145/amao_8k.htm) from September 22, 2022 to March 22, 2023. There were 1,562,685 shares of common stock [issued and outstanding, stock subject](https://www.sec.gov/Archives/edgar/data/1843656/000147793222006237/amao_10q.htm) to possible redemption before the meeting. There was no additional contribution to the trust for the extension. One of the proposals approved was: "The Company’s stockholders approved an amendment to Section 9.2(a) of the amended and restated certificate of incorporation **to eliminate the net tangible assets limitation** in connection with a business combination" That means the float ***could be*** under 500,000 shares, which was the previous $5 million net tangible assets limitation. However, redemptions were not disclosed in the filing.
The CEO of Royalty Management Corporation happens to be an "independent director" of AMAO. This is directly from the AMAO registration statement from March last year: >*Thomas M. Sauve will serve as an independent director. Mr. Sauve has over 18 years in entity formation, land, lease management and acquisition integration experience. As President of American Resources Corporation (Nasdaq: AREC) since 2015, Mr. Sauve has successfully integrated 8 acquisitions into a streamlined operating model.* ***Additionally, Mr. Sauve is the founder and manager of a growing private royalty and land management private company****.* Interestingly, AMAO CEO Mark Jensen is also the CEO of American Resources Corporation while Sauve is president and director. Here is the [our team](https://www.americanresourcescorp.com/our-team) page for American Resources Corporation and here is the [our team](https://www.royaltymgmtcorp.com/team) page for Royalty Management Corporation. I like how they reused their website template and everything for this. The Royalty Management Corporation Facebook page has a grand total of 1 follower while the twitter page has 4 followers (although 3 appear to be other companies in the Royalty Management Corporation umbrella and the other a bot). I tried to click on some of the articles on their [investor page](https://www.royaltymgmtcorp.com/Public) but none of them actually link to anything. A google search of the headlines reveals nothing either (normally these PR pieces would be sent to prnewswire or a similar service so would be findable through google). For example "April 12, 2022 - Royalty Management Corp announces first quarter results." would potentially be an interesting read as I'm curious to see their financials but I literally cannot find this actual announcement anywhere. There's nothing inherently illegal or wrong with a SPAC taking a related party company public however this one does look pretty scummy.
AMAO has a DA with Royalty Management Corp. Can somebody tell me what this company is ?
It's getting a little too close to AMAO territory without the options in my opinion
Can’t believe how toxic fintwit is now. So many bashing, PnD shorting, and bs etc. Happy I follow a ton of energy and shipping folks that disagree but actually have conversations and financial information/opinions. Want to unfollow many, but at same time it does give you a pulse of where things are - i.e how some of us got ahead of the PnD on AMAO
AMAO gang, i left but will come back. had to sell to buy broad market etf dip. then it dipped again on me. i swear i’ll wait for the pump this time
Even better if you hold ESSC or THCA or AMAO
With SPACs, it’s okay through. The Nav floor prevents big losses assuming you don’t do dumb shits like buy ESSC or AMAO at 11 and up.
sold out of AMAO, feel free to moon. had to buy partake in this dip in URNM and ETFs. Every time VOO is under 400 i buy. Every time VT goes under 100 i buy.
In retrospect I should've jumped on THCA instead of AMAO and I for sure would've taken some profit at 13 but alas...
Yeah i used margin on AMAO. Almost made a ton, but i didn't sell at $11 I was hoping for $12.
No No I'm not insane...not that much anyway. Tried out AMAO for the pump and now UTAA for the possible OF with following stipulations: a) a short time frame in which I would be willing to pay a small bit of interest on the margin and then sell if it didn't/doesn't work out b) I was close enough to NAV where I didn't have to worry about huge losses AND c) had tight stops in case of a big dip out of nowhere AMAO hit my time limit so I'm out and UTAA I will hold onto for a few more weeks and then if nothing materializes I'm out bc I don't get a good rate to borrow and it's not worth paying money for nothing.
AMAO went up today oddly enough. 10.4 where it’s at now. this shits going no where isn’t it
moving some out of AMAO to UTAA. OF DA wen
Any one still in THCA, AMAO, UTAA? Seem dead AF, might be better off throwing cash in IPOF
Are we still thinking AMAO is a thing or have we given up on that...asking for a friend
Oh man you’re not selling me on getting rid of AMAO for UTAA lol. I mean I GUESS I could throw margin at it for a few weeks and see what happens. Worst case I lose a few bucks between buying it above NAV and interest. Yeesh I wish I just played regular shit instead of feeling like a degenerate!
So if you had to make a choice you’re feeling UTAA huh. I really wish AMAO had taken off bc I was ready to take any profit at all. It’s kinda looking dead isn’t it. But I know as soon as I sell it lol you what’ll happen!
if UTAA actually gets OF it will go parabolic. it’s only slightly above NAV AMAO is just a safe NAV protect small float play. If we hit a few bucks above 10 i’ll be super happy. i got both but more in UTAA. i might buy more UTAA at this point again after increasing my holding 25% today
What's good guys! Busy at work but looking for you guys to decide for me: I have AMAO...do I hold it or switch to UTAA? I have no extra money for both. What's going to be the better play? Thanks and hoping to get back to regular on the board!
hmmm so nothing. copy. unfortunately i checked AMAO and it isn’t on the moon. OH WELL. Another day then
Come on AMAO I know you aren't dead that quick.
AMAO kinda dumping too though. I agree with you but i think market rally is a huge variable on all the low float plays.
i dunno wtf that means but AMAO👀👀
Whole portfolio red…… except…. AMAO 👀👀👀
AMAO vwap is still hitting higher high.
AMAO volume today biggest ever. I hope it holds.
Hugs warrants in shambles lol. Sold out of APSG warrants at even. I am thinking after AMAO CLBT and GGR swings I may go all in on this and ACTD
On AMAO I still think arbs are not fully done but almost done. I have sold 40% and now chiselling a bit here and there. Key is this stays in focus and God forbid if we get a half decent day. RIP
Twitter pumpers have discovered AMAO
AMAO has a 1.5M float due to redemptions and still has NAV at $10.10
AMAO is pretty close to the lowest that it can go, because below a float of $5 million, the exchanges are required to kick them off. AMAO is reduced to $10 mil, I think?
BWAC current float after extension??? If they extend again this would create another low float. Could this be lower than AMAO?? Which is on record for lowest float with NAV