Financial Position and Investments - As of March 31, 2023, the company was not subject to any market or interest rate risk, with net proceeds from the Initial Public Offering invested in U.S. government treasury bills or certain money market funds [127]. - Of the gross proceeds from the Initial Public Offering and Private Warrants, $101,000,000 was placed in the Trust Account [136]. - The underwriters partially exercised their overallotment option, purchasing an additional 506,002 Units, resulting in an additional $5,110,620.80 placed in the Trust Account [138]. Stock Issuance and Warrants - The company issued 2,875,000 common stock shares to initial stockholders for an aggregate purchase price of $25,000, approximately $0.01 per share [134]. - A total of 3,800,000 Private Warrants were privately placed at a price of $1.00 per warrant, each exercisable to purchase one share of common stock at an exercise price of $11.50 [135]. - The company reevaluated the accounting treatment of its Private Warrants, classifying them as derivative liabilities measured at fair value, which may lead to material fluctuations in financial results [132]. - The company expects to recognize non-cash gains or losses on its Private Warrants each reporting period, with the amount potentially being material [133]. Internal Controls and Compliance - The company conducted an evaluation of its disclosure controls and procedures, concluding they were effective at a reasonable assurance level during the fiscal quarter ended March 31, 2023 [129]. - There were no changes in internal control over financial reporting during the fiscal quarter of 2022 that materially affected the company's internal control [130]. - There were no legal proceedings reported during the period [131].

Financial Performance - Revenues for the years ended December 31, 2022 and 2021 were $0, indicating no operating revenue generated until the completion of the Business Combination[196] - Total Operating Expenses for the year ended December 31, 2022 were $1,221,649, primarily driven by administrative and professional fees[196] - Total Other Income for the year ended December 31, 2022 was $5,110,357, mainly from fair value adjustments of warrant liabilities[196] - Net income for the year ended December 31, 2022, was $3,888,708, compared to $2,316,786 for the year ended December 31, 2021, indicating an increase of approximately 77.8%[231] - Total expenses increased from $1,016,819 in 2021 to $1,221,649 in 2022, reflecting a rise of about 20.1%[231] - The provision for income taxes was deemed to be de minimis for the year ending December 31, 2022[280] - The Company has not recognized any uncertain tax positions as of December 31, 2022[277] Assets and Liabilities - Total Assets as of December 31, 2022 amounted to $7,790,834, a significant decrease from $107,186,710 in 2021 due to trust redemptions[198][199] - Total Liabilities as of December 31, 2022 were $516,755, down from $8,898,244 in 2021, primarily due to fair value of warrant liability[198][199] - Total liabilities decreased from $8,898,244 in 2021 to $4,228,369 in 2022, a reduction of about 52.5%[228] - The accumulated deficit increased from $2,316,786 in 2021 to $6,205,494 in 2022, indicating a rise of approximately 168.5%[228] - Cash held in the trust account significantly decreased from $106,116,023 in 2021 to $7,613,762 in 2022, a drop of approximately 92.8%[226] Trust Account and Business Combination - The trust account balance as of December 31, 2022 was $7,613,761.76, following redemptions of $90,334,512.92 and $8,331,836.23 in 2022[202][203] - The company intends to use substantially all funds in the trust account to complete the Business Combination and for working capital for target businesses[204] - The Company will only proceed with a Business Combination if it has net tangible assets of at least $5,000,001 upon consummation[249] - Stockholders can redeem their Public Shares for a pro rata portion of the Trust Account, initially valued at $10.10 per share, plus any pro rata interest earned[252] - The Combination Period has been extended to March 21, 2023, allowing additional time to complete a Business Combination[255] - If a Business Combination is not completed by the end of the Combination Period, the Company will redeem 100% of the outstanding Public Shares[254] Shareholder and Stock Information - As of December 31, 2022, 742,308 shares of Class A common stock are subject to possible redemption, classified as temporary equity[273] - The Company is authorized to issue 100,000,000 shares of Class A common stock, with 2,975,000 shares of Class B common stock issued and outstanding as of December 31, 2022[289] - As of December 31, 2022, there were 742,308 shares of Class A common stock issued and outstanding, a decrease from 10,506,002 shares at December 31, 2021[288] Initial Public Offering - The initial public offering generated gross proceeds of $100,000,000 from the sale of 10,000,000 units at $10.00 per unit[240] - Transaction costs for the initial public offering amounted to $4,910,297, including $1,000,000 in underwriting fees[242] - The Company sold 10,000,000 Units at a purchase price of $10.00 per Unit during the Initial Public Offering, generating gross proceeds of $100 million[283] - The Sponsor purchased an aggregate of 3,800,000 Private Warrants at a price of $1.00 per warrant, totaling $3.8 million, with potential additional purchases if underwriters' over-allotment is exercised[284] Management and Operations - The company has no off-balance sheet arrangements as of December 31, 2022, and does not participate in transactions creating relationships with unconsolidated entities[209] - Management is evaluating the potential negative impact of the COVID-19 pandemic on the Company's financial position and operations[259] - The Company has advanced and repaid $760,000 in related party loans, with no outstanding balance as of December 31, 2022[296] Warrant and Share Valuation - The fair value of the Public Warrants decreased from $3,036,301 in 2021 to $110,182 in 2022, while the Private Warrants decreased from $2,262,941 to $101,432 in the same period[315][320] - The expected volatility of the warrants was 1.55% in 2022, significantly lower than 11.1% in 2021[311] - The Company uses the Black-Scholes option pricing model to value its warrants and options, with significant inputs including the risk-free rate of 4.27% in 2022[310][311] - The exercise price of the Public Warrants may be adjusted to 115% of the higher of the Market Value or Newly Issued Price if certain conditions are met[308] Agreements and Future Plans - The Company has a binding agreement to merge with Royalty Management Co, valuing it at an enterprise value of $111,000,000, pending regulatory approval[327] - An amended and restated articles of incorporation was filed on March 21, 2023, extending the trust term to September 22, 2023, allowing for a business combination[328] - The Company has granted a right of first refusal to the Representative for future public and private equity and debt offerings for a period of 24 months from the closing of a business combination[324]

Financial Performance - The company reported a net income of $5,369,554 from inception (January 20, 2021) through September 30, 2022, primarily from professional fees and valuation adjustments [110]. - For the nine-month period ended September 30, 2022, the net income was $3,052,768, compared to $2,541,321 for the same period in 2021, reflecting a year-over-year increase of approximately 20% [111]. Initial Public Offering (IPO) - The company raised gross proceeds of $100,000,000 from its Initial Public Offering (IPO) by selling 10,000,000 Units at $10.00 per Unit [113]. - Following the IPO, a total of $101,000,000 was placed in the trust account, after incurring $3,910,297 in related costs [113]. Cash and Funding Strategy - As of September 30, 2022, the company had cash of $98,439 available outside the trust account for operational activities [115]. - The company intends to use substantially all funds in the trust account to complete a Business Combination, with remaining proceeds allocated for working capital [114]. - The company does not anticipate needing to raise additional funds for operating expenditures prior to completing a Business Combination [117]. Business Strategy - The company is focused on identifying target businesses in the land holdings and resources industry within the United States for potential mergers or acquisitions [107]. Risk Management - As of September 30, 2022, the company was not subject to any market or interest rate risk due to its investment strategy in U.S. government securities [124]. Debt and Liabilities - The company has no long-term debt or significant liabilities, apart from a promissory note to a related party [119].

Financial Performance and Capital Structure - The company raised a total of $101,000,000 from the Initial Public Offering and Private Warrants, which was placed in the Trust Account[134]. - The company issued 2,875,000 common stock shares to initial stockholders for an aggregate purchase price of $25,000, approximately $0.01 per share[132]. - An additional 506,002 Units were purchased by underwriters, resulting in an additional $5,110,620.80 placed in the Trust Account[136]. - The company issued 3,800,000 Private Warrants at a price of $1.00 per warrant, each exercisable at $11.50 per share[133]. Risk Management - As of June 30, 2022, the company was not subject to any market or interest rate risk, with net proceeds from the Initial Public Offering invested in U.S. government treasury bills or certain money market funds[125]. - The company’s Private Warrants are classified as derivative liabilities, which may lead to fluctuations in financial statements based on fair value measurements[130]. - The company expects to recognize non-cash gains or losses on Private Warrants each reporting period, which could be material[131]. Internal Controls and Legal Matters - The company’s disclosure controls and procedures were evaluated as effective at a reasonable assurance level as of June 30, 2022[127]. - There were no changes in internal control over financial reporting that materially affected the company during the fiscal quarter of 2022[128]. - No legal proceedings were reported against the company during the period covered by the report[129].

Financial Performance - For the 3-month period ended March 31, 2022, the company reported a net income of $2,316,786[117]. Initial Public Offering (IPO) - The company generated gross proceeds of $100,000,000 from its Initial Public Offering of 10,000,000 Units at a price of $10.00 per Unit[119]. - Following the Initial Public Offering, a total of $101,000,000 was placed in the trust account[119]. - The company incurred $3,910,297 in Initial Public Offering related costs, including $3,500,000 of underwriting fees[122]. - Cash generated from financing activities was $102,414,704 related to the proceeds of the Initial Public Offering and sale of Private Warrants[122]. Trust Account and Business Combination - As of March 31, 2022, the company had cash of $1,511 available outside the trust account[124]. - The company intends to use substantially all funds in the trust account to complete its Business Combination[123]. - The company may need to obtain additional financing to complete its Business Combination if necessary[126]. Debt and Risk Management - The company does not have any long-term debt or capital lease obligations as of March 31, 2022[128]. - As of March 31, 2022, the company was not subject to any market or interest rate risk due to the nature of its investments[134].

For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40233 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Identification No.) 12115 Visionary Way, Fishers, Indiana 46038 (Address of principal executive offices, including zip code) Registrant's telep ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number: 001-40233 AMERICAN ACQUISITION OPPORTUNITY INC. (Exact name of registrant as specified in its charter) Delaware 86-159 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number: 001-40233 AMERICAN ACQUISITION OPPORTUNITY INC. (Exact name of registrant as specified in its charter) (State or other juri ...

10-Q 1 amao_10q.htm FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number: 001-40233 AMERICAN ACQUISITION OPPORTUNITY INC. (Exact name of registrant as specified in it ...