Past year: ▼ 50%(3.52 – 7.07 USD)
Each one in plain English, with the numbers worked through for a shareholder.
14 May 2020business combination● NeutralMajor
Sustainable Opportunities Acquisition Corp. (SOAC), an ESG-focused blank-check company, completed its IPO, raising $300 million placed in trust to fund a future business combination -- the vehicle that would go on to acquire DeepGreen Metals (later renamed The Metals Company) in 2021.
8 May 2020capital raising announcement● NeutralMajor
The company, then still the SPAC Sustainable Opportunities Acquisition Corp. (SOAC), closed its IPO of 30,000,000 units at $10.00 each, raising $300 million gross, with the sponsor buying 9,500,000 private warrants for $9.5 million. The money goes into a trust account to fund a future business combination; the filing says the SPAC must liquidate if no deal is completed within 18 months. This is the starting point of the company that later became TMC through the 2021 DeepGreen merger.
4 May 2020listing compliance notice▲ GoodMajor
the exchange certified TMC the metals Co Inc.'s securities for listing, clearing them to begin trading.
