Shareholder Advisory

SHAREHOLDER ADVISORY THE PROPOSED BUSINESS COMBINATION BETWEEN SUSTAINABLE OPPORTUNITIES ACQUISITION CORPORATION
AND DEEPGREEN

The purpose of this Shareholder Advisory is to inform potential investors on the business combination proposed by DeepGreen Metals and Sustainable Opportunities Acquisition Corporation (SOAC) to form The Metals Company (TMC).

DSMC believe that the Advisory is of particular relevance to SOAC public shareholders, who would be anticipating an investment with strong sustainability credentials and who will shortly be invited to vote on approving the business combination and/or to elect to maintain or redeem their investment. 

The Advisory critiques the Provisional S-4 Prospectus filed by SOAC and DeepGreen with the Securities and Exchange Commission (SEC). Its focus is on the many environmental, social and governance (ESG) risks, which are in our view, either inadequately described in the Prospectus or in some cases not disclosed at all.