Royalty Management Holding Corp (NASDAQ:RMCO) announced that it has come to agreement with a holder of promissory notes to exchange their debt for shares of restricted Royalty Management common stock at current share prices.
The forward leaning royalty company said the transaction further positions Royalty Management for future growth and results in an increase in its shareholder equity to just over $14 million.
“Continuing to strengthen our balance sheet is imperative as we continue our growth as a business,” Royalty Management Holding Corp CEO Thomas Sauve said in a statement.
“We are evaluating multiple opportunities that could add to the future cash flow generation, and the current market is also presenting numerous attractive investment opportunities and with our continued balance sheet strengthening, we have increased flexibility to invest our excess cash flow in new and existing opportunities.”
The company noted that investment areas of interest are alternative investments in both public and private companies focusing on critical minerals & infrastructure-based metals; gold, silver and precious metals; data centers and storage facilities; and non-traditional streaming opportunities focusing on environmental improvement.