Menu
Compare

Completed · 31 Oct 2023AMAOU · NasdaqCIK 1843656Sponsor at IPO: American Opportunity Ventures LLC

American Acquisition Opportunity Inc.

Now Royalty Management Holding Corp · Name history

$106MTrust raised at IPO · 1% of public shares left after its last counted vote

Merged with Royalty Management Holding Corporation (RMCO) · Financial services

  1. IPO17 Mar 2021
  2. Searching12 months
  3. Deal announcedAgreement signed
  4. Closed31 Oct 2023

Tavia Read What stands out, from the filings · snapshot 14

  1. 01

    Smaller than 93% of 2021’s SPAC IPOs.

    $105M raised, against a median of $239M for the 610 SPACs that priced in 2021.

  2. 02

    $10.10 in trust per unit, above the 2021 median.

    The median that year was $10.00. Above $10.00, the sponsor tops up the trust from its own private placement.

  3. 03

    99% of public shares redeemed across 5 votes.

    4 extension votes and the merger vote, counted from the SPAC’s 8-Ks. 1% of the public shares remained after the last one.

  4. 04

    Closed its merger 31 months after its IPO.

    The combined company is Royalty Management Holding Corporation (RMCO). Sector: Financial services.

Worked out from checked figures in snapshot 14 · no forecasts or advice

Key terms

Other 2021 SPAC IPOs →
IPO priced
17 Mar 2021
IPO closed
22 Mar 2021
Raised
$105M
Units sold
10,506,002
Trust raised
$106M1
Trust per unit
$10.102
Unit
1 sh + ½ warrant3
Months to complete
124
Deadline before extensions
22 Mar 2022
Over-allotment
Exercised in part

Each unit: “one share of Class A common stock and one-half of one redeemable warrant”

Name history

The same company under every name it has filed with the SEC, tracked by its CIK, 1843656. This page keeps its IPO name; the others lead here.

  1. American Acquisition Opportunity Inc.At IPO5 Feb 2021 – 30 Oct 2023
  2. Royalty Management Holding CorpNow30 Oct 2023 – today

Dates are those EDGAR records for each name, as of 16 October 2026. A name change follows a shareholder vote or a merger’s closing, and is reported in an 8-K.

How it compares

American Acquisition Opportunity Inc. against the 610 SPACs that priced in 2021.

Raised
$105M
92% of 2021 SPACs are above it
2021 median: $239M
Trust per unit
$10.10
65% of 2021 SPACs are below it
2021 median: $10.00
Months to complete
12
87% of 2021 SPACs are above it
2021 median: 24
Redeemed across its votes
99%
78% of 2021 SPACs are below it
2021 median: 94%

Trust and redemptions

  1. Extension vote · 21 Mar 20228,943,317 of 10,506,002 redeemed (85%)
  2. Extension vote · 22 Sept 2022820,377 of 1,562,685 redeemed (52%)
  3. Extension vote · 21 Mar 2023216,697 of 742,308 redeemed (29%)
  4. Extension vote · 18 Sept 2023177,543 of 525,611 redeemed (34%)
  5. Merger vote · 30 Oct 2023253,807 of 348,068 redeemed (73%)

Public shares before each vote and the shares redeemed, as its 8-Ks (or the next 10-Q or 10-K) state them. Only votes whose redemptions were paid count.

Firms named in the prospectus

Bookrunners

  • Kingswood Capital Markets

Company counsel

Underwriters’ counsel

Auditor

Sponsor

No other SPAC from American Opportunity Ventures LLC or a vehicle of the same name priced since 1 January 2019.

Peers

Other 2021 SPAC IPOs with Kingswood Capital Markets as bookrunner.

SPACIPORaisedUnitStatus
Global Consumer Acquisition Corp8 Jun 2021$183M1 sh + ½ warrantLiquidated
Aries I Acquisition Corp.18 May 2021$144M1 sh + ½ warrantLiquidated
Data Knights Acquisition Corp.6 May 2021$115M1 sh + 1 warrantCompleted
Maquia Capital Acquisition Corp4 May 2021$173M1 sh + ½ warrantDeal announced
FoxWayne Enterprises Acquisition Corp.19 Jan 2021$57.5M1 sh + 1 warrantLiquidated

Sources

  1. PFinal prospectus: 0001213900-21-016699
  2. 1Trust raised: 0001654954-21-003898As of April 1, 2021, a total of $106,110,620.80 of the net proceeds from the sale of the Units in the IPO (including the Over-Allotment Units) and the Private Placements were deposited
  3. 2Trust per unit: 0001213900-21-016699$101,000,000 or $116,150,000 if the underwriters’ over-allotment option is exercised in full ($10.10 per unit in either case) will be deposited into a trust account in the United States
  4. 3Unit composition: 0001213900-21-016699Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-half of one redeemable warrant as described in more detail in this prospectus.
  5. 4Months to complete: 0001213900-21-016699If we are unable to complete our initial business combination within 12 months from the closing of this offering, we will redeem 100% of the public shares for cash, subject to applicable law and certain conditions as further described herein.

Each quote is found word for word in the filing it cites. Where a figure here differs from the filing, the filing prevails.

How the figures are compiled
  • Which IPOs. Every final IPO prospectus (Form 424B4 or 424B1, or a 424B3 when it is the first prospectus filed on an S-1 or F-1 registration within 10 days of it going effective) filed on SEC EDGAR from the history start, by a registrant whose SIC code was 6770 (blank checks) on the filing date. Offerings that are not exchange-listed SPAC IPOs are excluded when the prospectus is read. The window starts on 1 January 2021.
  • Dated by. The date of the final prospectus.
  • Raised. Units sold to the public, including over-allotment units, times the unit price, as stated in the SPAC's 8-K reports after the IPO.
  • Trust. The trust held for public shareholders after the IPO and any over-allotment: trust per unit times public units, as stated in the SPAC's filings. Cash deposited in trust and then moved out as working capital is not counted.
  • Bookrunners. Firms the prospectus names as book-running managers; where it names none, the firm it names as sole underwriter or representative of the underwriters. Only the prospectus's own wording counts, not later 8-K reports. Each IPO's gross proceeds are split equally among its bookrunners.
  • Counsel and auditors. Issuer counsel and underwriters' counsel as named in the prospectus's Legal Matters section; the auditor as named in its Experts section. Each is credited with the IPO's full gross proceeds.
  • Unit structure. What one unit consists of, as the prospectus states it: a share with warrants, with rights, with both, or a share alone (shares-only offerings sell no units). Warrants per unit is the fraction of a warrant in each unit; rights are measured as the fraction of a share they convert into per unit.
  • Trust per unit. Dollars placed in the trust account for each unit sold to the public, as the prospectus states it.
  • Time to complete. Months from the IPO closing that the SPAC has to complete its business combination before any extension, as the prospectus states it.
  • Over-allotment. Whether the underwriters bought all, part or none of the over-allotment option, comparing units sold with the base offering and the option.
  • Votes. Shareholder votes to extend a SPAC's deadline or to approve its business combination, as reported in its 8-Ks (Item 5.07), for the SPACs in the IPO statistics only: SPACs that priced before the history start are not included, so votes in the first years under-represent the market. Only redemptions actually paid count: votes on a proposal that failed, or an extension that was approved but never took effect, are left out (redemption requests lapse with them), and a merger vote counts only when the deal closed, and only the last merger vote before the closing, since merger redemptions are paid at closing. Liquidation votes are left out too, as every public share is redeemed by definition.
  • Redemption rate. Public shares redeemed at a vote over public shares outstanding just before it. Shares redeemed are as an 8-K, or failing that the next 10-Q or 10-K, states them. Shares before are as a filing states them, or redeemed plus the shares left after, or carried from the IPO's public shares and earlier votes. The median is the typical vote; the weighted rate divides all shares redeemed by all shares before, the share of public money that left the trusts. A vote counts only when each of these figures is verified or accepted. Votes whose redemption count no filing states, after a search of the SPAC's and the combined company's filings, are counted as not disclosed rather than estimated.
  • Outcomes. Where each SPAC stands as of the snapshot: completed (business combination closed), liquidated (trust returned and redeemed), deal pending (agreement signed, not closed) or searching (no agreement in force). Grouped by the year the SPAC priced its IPO. Awaiting review means its status is still being checked.
  • Closings. Completed business combinations by year of closing. The sector is the SEC's industry code (SIC) of the combined company, grouped into broad sectors; months from IPO run from the prospectus date to the closing.
  • Checking. A SPAC counts only when every required figure is verified (quote found verbatim in the filing and all cross-checks pass) or accepted by a named reviewer.
  • Coverage. 1,077 of the 1,089 SPAC IPOs read are counted; 12 wait on a figure still under review and 11 filings were excluded as not exchange-listed SPAC IPOs.

Compiled from SEC filings with the assistance of AI · figures as of 3 November 2026

For information only. These figures are compiled from SEC filings with the assistance of AI. Although they are checked against those filings, they may contain errors or omissions and have not been audited; where they differ from the filings, the filings prevail. They are not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Information about any SPAC is qualified in its entirety by its filings with the SEC, available at www.sec.gov.