DeepGreen to Combine with Sustainable Opportunities Acquisition Corporation (SOAC)
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DeepGreen, Developer of the World's Largest Estimated Resource of Battery Metals for EVs, to Combine with Sustainable Opportunities Acquisition Corporation
March 4, 2021 7:00 AM ESTTransaction combines the first ESG-focused SPAC with a developer of the worlds largest and highest-grade estimated source of electric vehicle (EV) battery metals that are expected to be produced at low cost with dramatically reduced social and environmental impact Pro forma equity value of the combined company is expected to be approximately US$2.9 billion. Upon closing, the combined company will operate as The Metals Company and is expected to be listed under the ticker TMC The combined company is expected to have approximately US$570 million in cash, assuming no redemptions,... More
