<SEC-DOCUMENT>0001213900-21-047795.txt : 20210913
<SEC-HEADER>0001213900-21-047795.hdr.sgml : 20210913
<ACCEPTANCE-DATETIME>20210913193901
ACCESSION NUMBER:		0001213900-21-047795
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210909
FILED AS OF DATE:		20210913
DATE AS OF CHANGE:		20210913

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Shesky Craig
		CENTRAL INDEX KEY:			0001874308

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39281
		FILM NUMBER:		211250892

	MAIL ADDRESS:	
		STREET 1:		570 BROOME STREET, APT. 13A
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10013

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TMC the metals Co Inc.
		CENTRAL INDEX KEY:			0001798562
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1601 BRYAN STREET
		STREET 2:		SUITE 4141
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		214-642-9996

	MAIL ADDRESS:	
		STREET 1:		1601 BRYAN STREET
		STREET 2:		SUITE 4141
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Sustainable Opportunities Acquisition Corp.
		DATE OF NAME CHANGE:	20200102
</SEC-HEADER>
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<SEQUENCE>1
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    <footnotes>
        <footnote id="F1">On September 9, 2021, Sustainable Opportunities Acquisition Corp. (&quot;SOAC&quot;) (the former name of the Issuer), consummated its initial business combination (the &quot;Business Combination&quot;) with DeepGreen Metals Inc. (&quot;DeepGreen&quot;) and changed its name to &quot;TMC the metals company Inc.&quot; or &quot;TMC&quot;. In connection with the Business Combination, these Common Shares were received in exchange for 308,762 Class A ordinary shares of SOAC.</footnote>
        <footnote id="F2">These stock options vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of February 20, 2021 (the &quot;Employment Date&quot;), 1/3 on the second anniversary of the Employment Date and 1/3 on the third anniversary of the Employment Date. These stock options are exercisable at any time until March 5 of the year following vesting of such stock option (any such date, the &quot;Exercise Date&quot;). These stock options expire on the day after their respective Exercise Date.</footnote>
        <footnote id="F3">Also includes the right to purchase 8,842 Class A Special Shares, 17,684 Class B Special Shares, 17,684 Class C Special Shares, 35,368 Class D Special Shares, 35,368 Class E Special Shares, 35,368 Class F Special Shares, 44,210 Class G Special Shares and 44,210 Class H Special Shares.</footnote>
        <footnote id="F4">Received in connection with the Business Combination in exchange for a stock option to acquire 350,000 shares of DeepGreen common stock for $10.00 per share.</footnote>
        <footnote id="F5">These stock options vest as follows, subject to continued service through each vesting threshold: (i) 25% if TMC's market capitalization equals or exceeds $3.0 billion; (ii) 35% if TMC's market capitalization equals or exceeds $6.0 billion; (iii) 20% if the International Seabed Authority grants an exploitation contract to TMC; and (iv) 20% upon the commencement of the first commercial production following the grant of the exploitation contract. These stock options are exercisable at any time until March 5 of the year following vesting of such stock option (any such date, the &quot;Exercise Date&quot;). These stock options expire on the day after the Exercise Date.</footnote>
        <footnote id="F6">Also includes the right to purchase 5,516 Class A Special Shares, 11,032 Class B Special Shares, 11,032 Class C Special Shares, 22,064 Class D Special Shares, 22,064 Class E Special Shares, 22,064 Class F Special Shares, 27,580 Class G Special Shares and 27,580 Class H Special Shares.</footnote>
        <footnote id="F7">Received in connection with the Business Combination in exchange for a stock option to acquire 218,346 shares of DeepGreen common stock for $0.75 per share.</footnote>
        <footnote id="F8">Each of the Class A Special Shares, the Class B Special Shares, the Class C Special Shares, the Class D Special Shares, the Class E Special Shares, the Class F Special Shares, the Class G Special Shares and the Class H Special Shares (collectively, the &quot;Special Shares&quot;) automatically convert into Common Shares on a one for one basis, if on any twenty trading days within any thirty trading day period, the Common Shares trade for a price that is greater than or equal to the price threshold for such class of Special Shares (the &quot;Price Threshold&quot;) described below, or in the event of certain changes of control. The Price Thresholds for the Special Shares are as follows: Class A Special Shares ($15.00), Class B Special Shares ($25.00), Class C Special Shares ($35.00), Class D Special Shares ($50.00), Class E Special Shares ($75.00), Class F Special Shares ($100.00), Class G Special Shares ($150.00), and Class H Special Shares ($200.00).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jaime Lee, Attorney-in-Fact</signatureName>
        <signatureDate>2021-09-13</signatureDate>
    </ownerSignature>
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