Renaissance Capital logo

TMC the metals company (Sustainable Opportunities Acquisition) Priced, NYSE: TMC

Blank check company targeting an environmentally sustainable industrial business (completed 9/9/2021).

Industry: SPAC

First Day Return: -0.7%

Industry: SPAC

We are a blank check company newly incorporated as a Cayman Islands. We believe that there are significant, attractive investment opportunities that exist within industries that benefit from strong Environmental, Social and Governance (“ESG”) profiles. While investing in ESG covers a broad range of themes, we are focused on evaluating suitable targets that have existing environmental sustainability practices or that may benefit, both operationally and economically, from our management team’s commitment and expertise in executing such practices. We believe our management team’s experience allows us to evaluate targets in industries such as manufacturing (including auto, building materials), chemicals, services (including waste, environmental, construction), logistics (including transportation, distribution), technology (hardware, software, devices), agriculture (including biofuels) and energy (with focus on renewable generation, utility services, energy efficiency/management), among others. Furthermore, our target universe could include companies undergoing a transition to increase their environmental sustainability profiles, reflecting an opportunity to bring environmentally sustainable practices to companies that may not have historically been focused on environmental sustainability. We believe there is a wide array of companies poised to undergo this “brown-to-green” transition in our target universe.
more less
IPO Data
IPO File Date 03/17/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/05/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $300
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Dallas, TX, United States
Founded 2019
Employees at IPO 3
Website www.greenspac.com

TMC the metals company (Sustainable Opportunities Acquisition) (TMC) Performance