SOAC Files Registration Statement on S-4 in Connection with Proposed Combination with DeepGreen Metals, Explorer of the World's Largest Undeveloped Resource of Battery Metals for EVs

Author: Benzinga Newsdesk | April 15, 2021 08:05am

• Form S-4 filing with the SEC provides information about DeepGreen for current and prospective investors in advance of the combined company’s public listing as The Metals Company
• Transaction combines the first ESG-focused SPAC with a company exploring the world’s largest estimated source of electric vehicle (EV) battery metals from deep-sea polymetallic nodules that are expected to be produced at low cost with dramatically reduced social and environmental impact as compared to land-based mining
• The transaction represents a pro forma equity value of US$2.9 billion (assuming no redemptions) for the combined company, which will be renamed The Metals Company upon closing

Posted In: SOAC