American Acquisition Opportunity Inc. (NASDAQ:AMAO) has closed its combination with investment company Royalty Management after shareholders approved the deal at a special meeting held on Monday.
Royalty Management’s application with Nasdaq is still pending, but it expects to be listed under the ticker symbol “RMCO”. The Class A common stock and warrants are continuing to trade under “AMAO” and “AMAOW” respectively.
Following Monday’s shareholder meeting, American Acquisition Opportunity saw a total of 98.80% of its trust redeemed, leaving it with roughly $1.32 million post-vote.
American Acquisition inked the $111 million deal with Royalty Management in June 2022. Fishers, Indiana-based Royalty Management collects cashflow streams via resources, intellectual property and other royalty-paying assets and distributes these to shareholders.
The resulting company will continue to be based in Fishers, Indiana, and will be led by a diverse board of innovators in mineral, agriculture, natural resources, intellectual property, and energy transition sectors.
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