Royalty Management Holding Corporation Engages CM3 Advisory As Independent Registered Public Accounting Firm

Rhea-AI Summary

Royalty Management Holding (Nasdaq: RMCO) has engaged CM3 Advisory, a boutique accounting firm based in San Diego, as its new independent registered public accounting firm. CM3 Advisory was approved by the Audit Committee of RMCO's Board of Directors following an extensive interview process. The firm, led by Carlos Martinez and German Beas, specializes in serving middle-market companies across various industries including technology, aerospace, and life sciences. CEO Tom Sauve expressed appreciation for the Board's efforts in governance and reporting, emphasizing the importance of CM3 Advisory's timely and professional service to support RMCO's growth.

Positive

• CM3 Advisory, a specialized firm, has been engaged as RMCO's independent accounting firm, which could enhance financial reporting accuracy.
• The approval by RMCO's Audit Committee indicates thorough vetting and due diligence, suggesting strong corporate governance.
• CM3 Advisory services multiple industries, potentially benefiting RMCO's diverse portfolio with expert insights.
• CEO Tom Sauve's statement underscores a commitment to growth and transparency, which might positively influence investor confidence.

Negative

• The press release lacks specific financial data or immediate business impacts, making it difficult to assess the direct benefits of CM3 Advisory's engagement.
• There is no mention of the previous accounting firm, which raises questions about the reasons for the change and any associated disruptions.

FISHERS, IN / ACCESSWIRE / May 13, 2024 / Royalty Management Holding Corporation (Nasdaq:RMCO) (the "Company"), an innovative royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce CM3 Advisory has been approved by the Audit Committee of the Board of Directors and retained by the Company as its new independent registered public accounting firm.

Based in San Diego, California, CM3 Advisory is a boutique accounting and advisory firm focused on serving middle-market companies. Headed by Carlos Martinez, CPA and German Beas, the firm services clients in a variety of industries, including manufacturing and distribution, aerospace and defense, food and beverage, technology and life sciences, and business services.

Tom Sauve, Chief Executive Officer of Royalty Management stated, "As we continue our growth on the public and business front, we are thankful for our Board of Directors' efforts to lay the groundwork for our platforms growth including governance and reporting. We are excited to announce that after an extensive interviewing process involving multiple firms that our Audit Committee of the Board of Directors has retained CM3 Advisory as our independent PCAOB registered public accounting firm. We are thankful for the hard work, timeliness and professionalism of their team as well as our board for completing this review process and enabling RMCO to hit the ground running."

About Royalty Management Holding Corporation

Royalty Management Holding Corporation (NASDSAQ: RMCO) is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in a sustainable market environment. The model is to acquire and structure cashflow streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future. For more information visit royaltymgmtcorp.com.

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 that will be set forth in the "Risk Factors" section of the Company's registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be 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.

Investor Contact:
RedChip Companies Inc.
Robert Foley
1-800-RED-CHIP (733-2447)
RMCO@redchip.com

Company Contact:
Thomas Sauve
Chief Executive Officer
(317) 855-9926

SOURCE: Royalty Management Holding Corporation

View the original press release on accesswire.com

FAQ

What is the new accounting firm for Royalty Management Holding (RMCO)?

CM3 Advisory has been engaged as the new independent registered public accounting firm for Royalty Management Holding (RMCO).

When did RMCO engage CM3 Advisory as its accounting firm?

Royalty Management Holding (RMCO) engaged CM3 Advisory on May 13, 2024.

Who approved the engagement of CM3 Advisory by RMCO?

The Audit Committee of the Board of Directors of Royalty Management Holding (RMCO) approved the engagement of CM3 Advisory.

Who leads the team at CM3 Advisory?

Carlos Martinez, CPA, and German Beas lead the team at CM3 Advisory.

What industries does CM3 Advisory serve?

CM3 Advisory serves industries such as manufacturing and distribution, aerospace and defense, food and beverage, technology and life sciences, and business services.