News and research before hearing about it on CNBC and others. Claim your 1-week free trial to: StreetInsider Premium here.
RMC has acquired the first 50 hives on a former industrial site, aiming to expand to more than 1,000 hives over the course of three years
The company has identified more than a dozen additional beekeeping sites with the goal of expanding its asset base to more than 10,000 hives within five years, representing the care of more than 300 million bees
FISHERS, IN / ACCESSWIRE / August 26, 2022 / American Acquisition Opportunity Inc.’s (NASDAQ: AMAO) merger target company, Royalty Management Corporation (“RMC” or the “Company”), a sustainably driven, cash flow oriented, royalty investment and development company, announced it has acquired the first 50 hives for its apiary (NASDAQ: AMAO) beekeeping) partnership with the Pollinate division of Land Betterment Corporation (“Land Betterment”). RMC has provided the capital necessary to acquire and install these hives, in exchange for a royalty on the honey produced and sold, with an initial purchase agreement with Land Betterment’s Restored Spirits divisions for the first honey produced from the investment of RMC. Land Betterment uses the bees to facilitate the natural restoration of the land, and the honey produced will be used in the distillation process to produce spirits at the upcoming planned distillery in central Indiana.
Of the first 50 hives, 12 are currently in operation at this central Indiana apiary, with the remainder expected to be ready for deployment at the same location by the start of the beekeeping season in the spring of 2023. During the winter, RMC plans to to purchase an additional 150 hives in preparation for the upcoming 2023 season, bringing a total of 200 hives under RMC’s royalty agreement in the spring. Thereafter, RMC anticipates increasing hive acquisitions and deployments by targeting the acquisition of a total of approximately 1,000 hives for this location and has identified more than a dozen additional beekeeping locations with the goal of expanding to a total of more than 10,000 beehives. The company expects this to represent approximately $3.0 to $5 million in sustainable annual revenue for RMC.
Tom Sauve, Chief Executive Officer of Royalty Management Corporation, commented: “RMC is always looking for innovative and new areas within the market where it can generate sustainable income and returns for our investors, while also being a good steward of the environment and the community.The value that bees bring to local agriculture and land remediation is tremendous, while also providing a valuable raw material for this new age division of Land Betterment’s spirits, which will also create a significant number of new jobs in this area .to opportunistically expand our footprint in this new sector of RMC, while maximizing our return on capital for our investors.”
RMC is committed to providing capital for the development, sponsored research and initial commercialization of intellectual property and technology for both the domestic and international markets. The priority for the technology is to develop applications that provide sustainable raw materials for energy storage, water filtration and infrastructure purposes.
Royalty Management Corporation continues to look for other similar investment and development opportunities in a variety of industries, with a particular focus on those in emerging or in transition, as the company builds a diverse portfolio of royalties, rents, and earnings shares across a variety of industries.
About American Acquisition Opportunity Inc.
American Acquisition Opportunity Inc. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more companies. While the company is able to evaluate opportunities in many sectors, it plans to focus its search on land and commodity holdings. The company’s stocks, common stock and warrants are listed on the Nasdaq Capital Market.
About Royalty Management Corporation
Royalty Management Corporation is an innovative royalty company focused on building shareholder value by acquiring, developing or investing in short-term revenue-generating assets that can provide the company with increasing cash flow from which it can reinvest in new assets or the cash flow from existing assets can expand. controlled assets. The model is to acquire and structure cash flow flows around a variety of assets, usually within natural resources (including real estate), patents and intellectual property, that can result in the monetization of these cash flow flows while identifying other future transitional cash flows.
A land improvement brand, Pollinate is an organic bee and bee products company that uses affected land for fast-growing apiaries that help improve the environment, improve bee populations and provide all natural honey and bee-related products. Bees are the lifeblood of the environment and agriculture through their ability to pollinate flowers and plants. More information can be found at: www.beespollinate.com/
Special Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements”, including with respect to the IPO. No guarantee can be given that the offer discussed above will be completed under the conditions described, if at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the “Risk Factors” section of the Company’s registration statement and the proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC’s website, www.sec.gov. The company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Important information for investors and shareholders
This document relates to a proposed transaction between the Company and RMC. This document does not constitute an offer to sell or exchange securities, or a solicitation of an offer to purchase or exchange securities, nor shall any sale of securities be made in any jurisdiction where such offer, sale or exchange is unlawful. would be prior to registration or qualification under the securities laws of any such jurisdiction. The Company intends to file a registration statement on Form S-4 with the SEC, which will include a document serving as a prospectus and a company proxy statement, also known as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all shareholders of the Company. The company will also file other documents related to the proposed transaction with the SEC. Before making a voting decision, investors and security holders of the Company are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.
Investors and holders of securities may obtain free copies of the registration statement, the proxy statement/prospectus and any other relevant documents filed or to be filed with the SEC by the Company through the website maintained by the SEC at www.sec. government
AMAO and RMC and their respective directors and officers may be considered participants in the solicitation of proxies from AMAO’s shareholders in connection with the proposed business combination. Information about AMAO’s directors and executive officers and their ownership of AMAO’s securities is set forth in AMAO’s filings with the SEC, including AMAO’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 25, 2022. To the extent that ownership of AMAO securities has changed since the amounts printed in the AMAO annual report, such changes have been or will be reflected in the Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of those individuals and other individuals who may be considered participants in the proposed business combination may be obtained by reading the proxy statement/prospectus relating to the proposed business combination as it becomes available. You can obtain free copies of these documents as described in the previous section.
This press release does not constitute an offer to sell or a solicitation of an offer to sell securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
RMC contact person:
AMAO contact person:
Kirk P. Taylor, CPA
President & Chief Financial Officer
SOURCE: American Acquisition Opportunity Inc.
Check out the source version at accesswire.com: