American Acquisition Opportunity Inc. Announces Pricing of $100,000,000 Initial Public Offering

Rhea-AI Summary

American Acquisition Opportunity Inc. has priced its initial public offering (IPO) of 10,000,000 units at $10.00 each, set to trade on the Nasdaq under the ticker symbol AMAOU starting March 18, 2021. Each unit includes one share of Class A common stock and a half warrant, with full warrants priced at $11.50. The company focuses on mergers and acquisitions in land and resource sectors. Kingswood Capital Markets is the lead manager, with a 45-day option for underwriters to purchase an additional 1,500,000 units.

Positive

• Initial public offering of 10,000,000 units priced at $10.00 each.
• Focus on land and resource holding companies indicating potential for strategic growth.

Negative

• The offering is subject to various conditions that could affect completion.

FISHERS, IN / ACCESSWIRE / March 17, 2021 / American Acquisition Opportunity Inc. (the "Company") announced today that it priced its initial public offering of 10,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market ("Nasdaq") and will begin trading tomorrow, Thursday, March 18, 2021, under the ticker symbol "AMAOU". Each unit consists of one share of the Company's Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols "AMAO" and "AMAOW," respectively.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on land and resource holding companies, with the potential to create, support, and/or innovate for the new economy.

Kingswood Capital Markets, division of Benchmark Investments, Inc. is acting as the sole book running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Kingswood Capital Markets, division of Benchmark Investments, Inc., Attn: Syndicate Department, 17 Battery Place, Suite 625, New York, New York 10004, by telephone at (212) 404-7002, by fax at (646) 861-4697, or by email at syndicate@kingswoodcm.com.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission ("SEC") on March 17, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering. No assurance can be given that the offering 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 control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance & Communications
(317) 855-9926

SOURCE: American Acquisition Opportunity Inc.

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https://www.accesswire.com/636156/American-Acquisition-Opportunity-Inc-Announces-Pricing-of-100000000-Initial-Public-Offering

FAQ

What is the purpose of American Acquisition Opportunity Inc.'s IPO on March 18, 2021?

The IPO aims to raise capital for mergers and acquisitions, particularly focusing on land and resource holding companies.

What are the ticker symbols for American Acquisition Opportunity Inc.'s shares and warrants?

The ticker symbol for Class A common stock will be AMAO, and the warrants will trade under the symbol AMAOW.

How many units are being offered in the IPO and what is the pricing?

The IPO is offering 10,000,000 units priced at $10.00 each.

Who is managing the IPO for American Acquisition Opportunity Inc.?

Kingswood Capital Markets is acting as the sole book running manager for the offering.

What is the potential impact of this IPO on investors?

Successful completion of the IPO may provide capital for growth and acquisitions, potentially benefiting investors.