DeepGreen Securityholders Approve Business Combination with Sustainable Opportunities Acquisition Corp.

VANCOUVER, British Columbia–(BUSINESS WIRE)–DeepGreen Metals Inc. (“DeepGreen”) today announced that DeepGreen’s securityholders passed a special resolution approving the Plan of Arrangement related to the previously-announced business combination (the “business combination”) with Sustainable Opportunities Acquisition Corp. (“SOAC”). At the DeepGreen securityholders meeting, held on June 22, 2021, the special resolution approving the Plan of Arrangement was unanimously approved, with 90.4% of the outstanding shares and 98.7% of the outstanding options represented in person or by proxy. No DeepGreen securityholders voted against the resolutions.

The closing of the business combination remains subject to approval by SOAC’s shareholders (NYSE: SOAC) and the satisfaction of other customary closing conditions, and is expected to occur in the third quarter of 2021. Following the completion of the business combination, the…

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