AMAO shareholders approve extension to Sept 2022; 8.9M shares redeemed for $90M

Royalty Management Holding Corp

Shareholders approved extension of business combination deadline from March 22 to Sept 22, 2022.
8,943,317 shares redeemed at ~$10.10 per share, removing $90.3M from trust account.
Forward Share Purchase Agreements with accredited investors cover 1,123,499 shares at $10.35 each.
Company deposited $280,874.75 into escrow to fund $0.25 per share premium over trust redemption value.
Participating investors agreed not to redeem shares in connection with the extension vote.

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