secwatch.observer — SEC 8-K summary
======================================

Issuer:     Royalty Management Holding Corp (RMCO)
CIK:        0001843656
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001477932-24-005452
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Royalty Management Holding creates 5M shares of 5% Series A Preferred Stock
---------------------------------------------------------------------------

- 5M shares of Series A Preferred designated; 5% annual dividend (cash or accrued at company's discretion).
- Convertible into common at $1.70/share (0.588235 common per preferred); auto-conversion if common >=$4.00 for 30 days.
- No voting rights except on adverse changes; liquidation preference $1.00/share senior to common.
- Preferred ranks senior to common on liquidation; filed with Delaware Secretary of State.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843656/000147793224005452/0001477932-24-005452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843656/000147793224005452/rmco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-005452

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer