other material
confidence high
sentiment negative
materiality 0.70
Nasdaq listing uncertain for AMAO business combination with Royalty Management Corp; boards waive listing condition
Royalty Management Holding Corp
- Nasdaq may not complete review of listing application by Oct 31, 2023 deadline for business combination with Royalty Management Corporation.
- Company in active discussions with Nasdaq and alternative exchanges; no assurance approval will be obtained.
- Boards of both companies have waived condition that Nasdaq listing be obtained prior to closing.
- Business combination must close by October 31, 2023.