4//SEC Filing
Sustainable Opportunities Holdings LLC 4
Accession 0001213900-21-047507
CIK 0001798562other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 7:43 PM ET
Size
16.7 KB
Accession
0001213900-21-047507
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Shares
2021-09-09+7,410,000→ 7,410,000 total - Exercise/Conversion
Class B ordinary shares
2021-09-09−7,410,000→ 0 total→ Class A ordinary shares (7,410,000 underlying) - Disposition to Issuer
Common Shares
2021-09-09−741,000→ 6,669,000 total - Award
Class I Special Shares
2021-09-09+500,000→ 500,000 total→ Common Shares (500,000 underlying) - Other
Warrants to purchase Common Shares
2021-09-09+9,500,000→ 9,500,000 totalExercise: $11.50→ Common Shares (9,500,000 underlying) - Award
Class J Special Shares
2021-09-09+741,000→ 741,000 total→ Common Shares (741,000 underlying)
Footnotes (3)
- [F1]On September 9, 2021, Sustainable Opportunities Acquisition Corp. (the former name of the Issuer), consummated its initial business combination (the "Business Combination") with DeepGreen Metals Inc. In connection with the Business Combination, each Class B ordinary share automatically converted into one common share on a one-for-one basis.
- [F2]In connection with the Business Combination, the Reporting Person exchanged 741,000 common shares for Class I Special Shares and Class J Special Shares, each of which is automatically convertible into common shares on a one-for-one basis if the common shares trade for at least $50.00 per share, in the case of the Class I Special Shares, or $12.00 per share, in the case of the Class J Sponsor Shares, in each case on any twenty trading days in any thirty trading day period or in the event of certain changes of control.
- [F3]Pursuant to the private placement warrant purchase agreement between the Reporting Person and the Issuer, dated as of May 5, 2020, the Reporting Person purchased an aggregate of 9,500,000 private placement warrants to purchase Class A ordinary shares on a one-for-one basis. In connection with the Business Combination, the private placement warrants became exercisable for common shares on a one-for-one basis at a price of $11.50 per share. The private placement warrants may be exercised only during the period commencing 30 days after completion of the Business Combination and expire five years after the completion of the Business Combination or earlier upon redemption or liquidation.
Documents
Issuer
TMC the metals Co Inc.
CIK 0001798562
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001808234
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 7:43 PM ET
- Size
- 16.7 KB