American Acquisition Opportunity non-reliance on prior financials due to SPAC share classification error

Royalty Management Holding Corp

Audit Committee on March 7, 2022 concluded prior financials should no longer be relied upon.
Error: Public Shares incorrectly classified as permanent equity instead of temporary equity per ASC 480.
Affected periods: audited balance sheet March 17, 2021 and unaudited Q1, Q2, Q3 2021.
Company will file amended Q3 2021 10-Q; no impact on cash position or trust account.
Restatement does not change cash held in trust or operating cash.

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