American Acquisition Opportunity amends underwriter agreement, converts $3.5M deferred fees to equity

Royalty Management Holding Corp

On Dec 6, 2022, AMAO amended its Underwriter Agreement to convert $3.5M deferred fees at $10/share into 350,000 shares of the surviving entity.
Conversion occurs automatically upon an effective business combination, replacing the prior cash obligation.
The amendment affects the remaining deferred underwriting fees originally set at AMAO's IPO.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Royalty Management Holding Corp amended Underwriter Agreement valued at $3,500,000 (effective 2022-12-06).

Action: amendment
Agreement: underwriting
Value: $3,500,000
Effective: 2022-12-06

Exact text from the filing

On December 6, 2022, American Acquisition Opportunity Inc., a Delaware corporation (“ AMAO ”), entered into an amendment of its Underwriter Agreement.

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Source: SEC EDGAR

accession 0001654954-22-016338

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