Royalty Management Holding Corp (RMCO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 13, 2025

Risk Assessment Details

Potential Dilution: 249.13% of current shares
Recent Dilution: 17.14% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
15M
Potential Supply
37M
Additional shares possible
Splits
None
Past 2 years

Summary

RMCO currently has 14.9M outstanding shares. with significant dilution risk as 37.2M authorized shares could dilute existing holders by 249.1%. The company has diluted shareholders by 17.14% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 13, 2025

10-Q filing | 14.9M shares outstanding

15M 37M
Jun 02, 2025

S-3 filing: This is an S-3 filing for Royalty Management Holding Corporation regarding the potential offer and sale of Class A Common Stock, Warrants and Units containing Common Stock or Warrants, or a combination thereof, up to an aggregate amount of $50,000,000.

13M 37M
May 14, 2025

10-Q filing | 14.9M shares outstanding

15M 37M
Mar 31, 2025

10-K filing | 15.0M shares outstanding

15M 37M
Jan 13, 2025

8-K filing: Royalty Management Holding Corporation announced the private purchase of 161,875 shares of its common stock from a shareholder.

15M 37M
Nov 15, 2024

10-Q filing | 14.9M shares outstanding

15M 37M
Aug 15, 2024

10-Q filing | 15.0M shares outstanding

15M 37M
May 24, 2024

10-Q filing | 14.5M shares outstanding

15M 37M
Apr 16, 2024

10-K filing | 14.3M shares outstanding

14M 37M
Feb 06, 2024

S-1/A filing: This S-1/A filing relates to the offer and sale of Class A Common Stock and warrants by selling securityholders, as well as shares issuable upon exercise of warrants.

2.7M 37M
Nov 20, 2023

10-Q filing | 2.7M shares outstanding

2.7M 36M
Nov 13, 2023

S-1 filing: This S-1 filing registers the offer and sale of Class A Common Stock and warrants by selling securityholders, as well as Class A Common Stock issuable upon the exercise of warrants.

3.1M 36M
Oct 30, 2023

8-K filing: Of the 3,074,568 shares of common stock that were outstanding, a total of 221,643 shares exercised their redemption rights.

3.1M 17M
Aug 21, 2023

10-Q filing | 2.7M shares outstanding

2.7M 17M
May 19, 2023

10-Q filing | 2.7M shares outstanding

2.7M 17M
Mar 22, 2023

10-K filing | 2.7M shares outstanding

2.7M 17M
Dec 12, 2022

8-K filing: American Acquisition Opportunity Inc. amended its Underwriter Agreement to convert $3,500,000 in deferred underwriting fees into 350,000 common shares of the surviving entity at a price of $10.00 per share upon an effective combination. ($3.5M proceeds)

2.7M 17M
Nov 07, 2022

10-Q filing | 2.7M shares outstanding

2.7M 17M
Oct 07, 2022

8-K filing: American Acquisition Opportunity Inc. announced the results of redemptions from their special meeting where 820,377 shares of Class A common stock were redeemed at $10.15610656 per share for an aggregate of $8,331,836.23, leaving 742,308 shares of Class A common stock outstanding along with 2,726,500 shares of Class B common stock. ($8.33M proceeds)

3.5M 17M
Aug 17, 2022

10-Q filing | 2.7M shares outstanding

2.7M 17M
Jul 05, 2022

8-K filing: American Acquisition Opportunity Inc. (AMAO) entered into a merger agreement with Royalty Management Corporation (RMC) where AMAO will acquire RMC for $111,000,000 payable in 11,100,000 shares of AMAO Class A common stock, with each share valued at $10.00. ($111.0M proceeds)

2.7M 17M
Apr 28, 2022

10-Q filing | 2.7M shares outstanding

2.7M 17M
Mar 25, 2022

10-K filing | 2.7M shares outstanding

2.7M 17M
Oct 22, 2021

10-Q filing | 0.7M shares outstanding

700K 17M
Jul 23, 2021

10-Q filing | 0.7M shares outstanding

700K 17M
May 13, 2021

10-Q filing | 13.5M shares outstanding

13M 17M
Mar 29, 2021

8-K filing: American Acquisition Opportunity Inc. consummated its initial public offering of 10,000,000 units at $10.00 per Unit, generating gross proceeds of $100,000,000 and completed the private sale of 3,800,000 warrants to American Opportunity Ventures LLC at $1.00 per Private Placement Warrants, generating gross proceeds of $3,800,000. ($103.8M proceeds)

N/A 17M
Mar 23, 2021

8-K filing: American Acquisition Opportunity Inc. consummated its IPO of 10,000,000 units at $10.00 per Unit, generating gross proceeds of $100,000,000, and also consummated a private placement with the Sponsor of 3,800,000 warrants at $1.00 per Private Warrant, generating total proceeds of $3,800,000. The Registrant also issued 100,000 shares of Class B common stock to the underwriter and its designees. ($103.8M proceeds)

N/A 17M
Mar 15, 2021

S-1/A filing: This S-1/A filing registers shares of Class A common stock and redeemable warrants as part of units, with an estimated registration fee calculation and potential issuance of additional securities to prevent dilution.

N/A 17M
Mar 09, 2021

S-1/A filing: This S-1/A filing registers shares of Class A common stock and redeemable warrants included as part of units, with an estimated registration fee calculation and additional securities potentially issued to prevent dilution.

N/A 17M
Feb 05, 2021

S-1 filing: The filing is an S-1 registration statement for shares of Class A common stock and redeemable warrants, potentially for a business combination with a target company, offering an alternative path to becoming public.

N/A 17M
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