RMC has acquired the first 50 hives on a former industrial site, with the aim of expanding to more than 1,000 hives in three years
The company has identified more than a dozen additional hive sites with the aim 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) target company for the merger, Royalty Management Corporation (“RMC” or the “Company”), a sustainability-focused, cash-flow-driven royalty development and investment company, announced that She had acquired the first 50 hives for her apiary (beekeeping) partnership with the Pollinate Division of Land Betterment Corporation (“Land Betterment”). RMC provided the capital to acquire and place these hives, in return for a royalty on the honey produced and sold, with an initial uptake agreement with Land Betterment’s Restored Spirits divisions for the first honey produced through the RMC investment. Land Betterment uses bees to help facilitate the reclamation of natural lands, and the honey produced will be used in its distillation process to produce spirits at its next planned distillery in central Indiana.
Of the first 50 hives, 12 are currently deployed at this central Indiana apiary, with the remainder expected to be ready for deployment at the same location by the start of the spring 2023 beekeeping season. Over the winter , RMC plans to acquire an additional 150 hives to prepare for the upcoming 2023 season, bringing a total of 200 hives under RMC’s royalty agreement by spring. Going forward, RMC plans to increase hive acquisitions and deployments targeting the acquisition of approximately 1,000 total hives for this location and has identified over a dozen additional hive sites with the aim of expand to more than 10,000 total hives in five years. The Company expects this to represent approximately $3.0-5 million in sustainable annual revenue for RMC.
Tom Sauve, Managing Director of Royalty Management Corporation, said, “RMC is always looking for innovative new areas in the market that can generate sustainable income and returns for our investors, while being a good steward of the environment. and the community. The value that bees bring to local agriculture and land reclamation is immense, while also providing valuable raw material for this new spirits division of Land Betterment which will also create a significant number of new jobs in this area. to opportunistically expand our footprint in this new area 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 the domestic and international marketplace. The technology’s priorities are to develop applications that provide sustainable raw materials for energy storage, water filtration and infrastructure.
Royalty Management Corporation continues to seek other similar investment and development opportunities in a variety of industries, with a particular focus on those that are emerging or in transition, as the company builds a diverse portfolio of royalty, rent and of revenue shares in 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 businesses. While the Company is able to assess opportunities in many sectors, it intends to focus its research on land and resource holding companies. The Company’s units, common stock and warrants are listed on the Nasdaq Capital Market.
About the Royalty Management Company
Royalty Management Corporation is an innovative royalty company focused on creating shareholder value by acquiring, developing or investing in near-term income-generating assets that can provide the company with accretive cash flow from which to it can reinvest in new assets or increase cash flow from existing assets. controlled assets. The model involves acquiring and structuring cash flows around a variety of assets, typically in natural resources (including real estate), patents and intellectual property, which can lead to the monetization of these cash flows. cash while identifying other future transitory cash flows.
Pollinate, a brand of Land Betterment, is an organic bee and bee products company using impacted land for fast-growing apiaries that help improve the environment, improve the bee population, and provide all products natural products related to honey and bees. Bees are the lifeline of the environment and agriculture with 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 assurance can be given that the offer discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those which will be set forth in the “Risk Factors” section of the registration statement and proxy statement/prospectus. of the Company to be filed with the SECOND. 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 concerns a proposed transaction between the Company and RMC. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, securities, and there will be no sale of securities in any jurisdiction in which such an offer, sale or trade would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The Company intends to file a registration statement on Form S-4 with the SEC, which will include a document serving as the Company’s prospectus and proxy statement, referred to as the proxy statement/prospectus. A proxy/prospectus will be sent to all shareholders of the Company. The Company will also file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of the Company are urged to read the registration statement, proxy statement/prospectus and all other relevant documents filed or to 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 security holders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or to be filed with the SEC by the Company through Web maintained by the SEC at www.sec.gov.
Participants in the solicitation
AMAO and RMC and their respective directors and officers may be considered participants in the solicitation of proxies from AMAO shareholders in connection with the proposed business combination. Information about the directors and officers of AMAO and their ownership of AMAO 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 WAMA’s holdings of securities have changed from the amounts printed in WAMA’s Annual Report, such changes have been or will be reflected in the change of ownership statements on Form 4 filed with the SEC. Additional information regarding the interests of these and other persons who may be considered participants in the proposed business combination may be obtained by reading the proxy statement/prospectus regarding the proposed business combination when it becomes available. . You can obtain free copies of these documents as described in the preceding paragraph.
This press release does not constitute an offer to sell or a solicitation of an offer to sell any 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 “United States Securities Act”) or any state securities law and may not be offered or sold in the United States or to US persons unless registered under United States securities law and applicable state securities laws or an exemption from such registration is available.
Contact person at RMC:
Kirk P. Taylor, CPA
President and Chief Financial Officer
THE SOURCE: US Acquisition Opportunity Inc.