Sustainable Opportunities Acquisition Corp. (SOAC) to Combine with DeepGreen Metals in $2.4Bn Deal

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Sustainable Opportunities Acquisition Corp. (SOAC) to Combine with DeepGreen Metals in $2.4Bn Deal

Sustainable Opportunities (NYSE:SOAC) has entered into a definitive agreement to combine with rare earth materials miner DeepGreen Metals at an enterprise value of $2.4 billion, or 1.2x its 2027E EBITDA. DeepGreen Metals is developing a unique new approach to mining rare earth materials by gathering them on the deep Pacific ocean floor. The combined entity
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