SEC Comment Letter 0000000000-23-005418 to Royalty Management Holding Corp (RMCO)
Royalty Management Holding Corp
Date: May 22, 2023 · CIK: 0001843656 · Accession: 0000000000-23-005418
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-40233
Letter
United States securities and exchange commission logo May 22, 2023 Kirk Taylor President and Chief Financial Officer American Acquisition Opportunity Inc. 12115 Visionary Way Fishers, Indiana 46038 Re:American Acquisition Opportunity Inc. Form 10-K for the year ended December 31, 2022 Filed March 22, 2023 File No. 001-40233 Dear Kirk Taylor: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the year ended December 31, 2022 ITEM 9A. CONTROLS AND PROCEDURES., page 45 1.We note that you have disclosed that principal executive officer and principal financial and accounting officer have concluded that disclosure controls and procedures were effective based on an evaluation conducted during the fiscal quarter ended June 30, 2022. Please amend your Form 10-K to address your conclusion with respect to disclosure controls and procedures as of December 31, 2022. 2.We were not able to locate a conclusion on the effectiveness of your internal controls over financial reporting within your disclosures on page 45. Please amend your Form 10-K to provide managment's conclusion with respect to internal controls over financial reporting as of December 31, 2022.
FirstName LastNameKirk Taylor Comapany NameAmerican Acquisition Opportunity Inc. May 22, 2023 Page 2 FirstName LastName Kirk Taylor American Acquisition Opportunity Inc. May 22, 2023 Page 2 Report of Independent Registered Public Accounting Firm, page F-1 3.We note that the audit report does not cover the balance sheet as of 12-31-21 or the related financial statements for the period 1-20-21 (inception) to 12-31-21. In an amended Form 10-K filing, please include a revised audit report from your auditor which addresses these financial statement periods. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Howard Efron at 202-551-3439 or Shannon Menjivar at 202-551- 3856 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Joan Guilfoyle
Show Raw Text
United States securities and exchange commission logo
May 22, 2023
Kirk Taylor
President and Chief Financial Officer
American Acquisition Opportunity Inc.
12115 Visionary Way
Fishers, Indiana 46038
Re:American Acquisition Opportunity Inc.
Form 10-K for the year ended December 31, 2022
Filed March 22, 2023
File No. 001-40233
Dear Kirk Taylor:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comments. In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10-K for the year ended December 31, 2022
ITEM 9A. CONTROLS AND PROCEDURES., page 45
1.We note that you have disclosed that principal executive officer and principal financial
and accounting officer have concluded that disclosure controls and procedures were
effective based on an evaluation conducted during the fiscal quarter ended June 30, 2022.
Please amend your Form 10-K to address your conclusion with respect to disclosure
controls and procedures as of December 31, 2022.
2.We were not able to locate a conclusion on the effectiveness of your internal controls over
financial reporting within your disclosures on page 45. Please amend your Form 10-K to
provide managment's conclusion with respect to internal controls over financial
reporting as of December 31, 2022.
FirstName LastNameKirk Taylor
Comapany NameAmerican Acquisition Opportunity Inc.
May 22, 2023 Page 2
FirstName LastName
Kirk Taylor
American Acquisition Opportunity Inc.
May 22, 2023
Page 2
Report of Independent Registered Public Accounting Firm, page F-1
3.We note that the audit report does not cover the balance sheet as of 12-31-21 or the related
financial statements for the period 1-20-21 (inception) to 12-31-21. In an amended Form
10-K filing, please include a revised audit report from your auditor which addresses these
financial statement periods.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
You may contact Howard Efron at 202-551-3439 or Shannon Menjivar at 202-551-
3856 with any questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Joan Guilfoyle