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                              October 16, 2023

       Mark C. Jensen
       Chief Executive Officer
       American Acquisition Opportunity Inc.
       12115 Visionary Way, Suite 174
       Fishers, IN 46038

                                                        Re: American
Acquisition Opportunity Inc.
                                                            Amendment No. 7 to
Registration Statement on Form S-4
                                                            Filed October 6,
2023
                                                            File No. 333-268817

       Dear Mark C. Jensen:

            We have reviewed your amended registration statement and have the
following
       comment(s).

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe a comment applies to your
facts and circumstances
       or do not believe an amendment is appropriate, please tell us why in
your response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to this letter, we may have additional comments.
Unless we note otherwise,
       any references to prior comments are to comments in our September 29,
2023 letter.

       Amendment No. 7 to Registration Statement on Form S-4 Filed October 6,
2023

       UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS,
       page 49

   1.                                                   We note that the pro
forma statements of operations on pages 49 to 51 do not reflect in the
                                                        Royalty column the
restatement to record amortization expense on intangible assets for
                                                        the six month period
ended June 30, 2023 and therefore the amounts for Royalty Net loss
                                                        do not agree with the
net loss provided on page F-41. Please revise in an amended filing.
       Royalty Interim Financial Statements, page F-40

   2.                                                   It appears the
correction of the understatement errors of amortization expense on
                                                        intangible assets are
quantitatively material to your interim financial statements. As such,
                                                        please revise your
interim financial statements in an amended filing to disclose
                                                        prominently, on the
face of the interim financial statements, that they have been restated
 Mark C. Jensen
American Acquisition Opportunity Inc.
October 16, 2023
Page 2
      and additionally provide a note to the financial statements that
thoroughly explains and
      quantifies the revisions made (showing the effect of the correction on
each relevant
      financial statement line item) in accordance with Accounting Standards
Codification
      (ASC) 250-10-50-7. In addressing this comment, be sure to give
consideration to your
      restatement of both the 3-month and 6-month interim periods ended June
30, 2023 with
      respect to your income statements.
NOTE 3B - RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS AS
OF December 31, 2022, page F-66

3.    We note that you have restated your financial statements on pages F-59
through F-62 to
      correct errors related to your accounting for intangible assets whereby
the restated
      financial statements now reflect the impact of recording amortization
expense on
      intangible assets. Please revise your note 3A and/or 3B to disclose the
nature of the error
      (e.g., understatement of amortization expense on intangible assets) and
the effect of the
      correction on each financial statement line item on your various
financial statements (e.g.,
      Intangible assets, net of accumulated amortization, total assets and
total stockholders'
      equity on your balance sheet, amortization expense of intangibles and net
loss on your
      consolidated statements of operations, etc.). Reference is made to ASC
250-10-50-7.
      Please revise in an amended filing or otherwise advise.
NOTE 7 - INTANGIBLE ASSETS, page F-68

4.    Please confirm that you will enhance your disclosure related to
intangible assets to meet
      the requirements of ASC 350-30-50-2 for your future filings after the
completion of your
      de-SPAC transaction. Additionally, in an amended filing on Form S-4, you
may simply
      disclose within Note 7 the amount of estimated aggregate amortization on
intangible
      assets for calendar year 2023.
       Please contact Howard Efron at 202-551-3439 or Shannon Menjivar at
202-551-3856 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Benjamin Holt at 202-551-6614 or Jeffrey Gabor at 202-551-2544 with any
other
questions.



                                                            Sincerely,
FirstName LastNameMark C. Jensen
                                                            Division of
Corporation Finance
Comapany NameAmerican Acquisition Opportunity Inc.
                                                            Office of Real
Estate & Construction
October 16, 2023 Page 2
cc:       Joan S. Guilfoyle, Esq.
FirstName LastName