San Diego, CA -- (SBWire) -- 10/22/2021 --An investigation is ongoing concerning potential securities laws violations by TMC the metals company Inc in connection with certain financial statements.
Investors who purchased shares of TMC the metals company Inc. (NASDAQ: TMC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by TMC the metals company Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Canadian based TMC the metals company Inc. engages in exploring of battery metals from seafloor polymetallic nodules.
On September 9, 2021, DeepGreen Metals Inc. and special purpose acquisition company Sustainable Opportunities Acquisition Corp. said they completed their previously announced business combination. The companies said shares of the combined company, TMC the metals company Inc.., will begin trading on the Nasdaq Global Select Market under the symbols TMC NASDAQ: TMC on Sept. 10, 2021.
On October 6, 2021, Bonitas Research, a short seller, released a report alleging multiple problems with TMC the metals company Inc. (NASDAQ: TMC). The allegations include that TMC the metals company Inc. (NASDAQ: TMC) siphoned US$ 43 million in cash and stock to undisclosed insiders by overpaying for Tonga Offshore Mineral License ("TOML"). Along with this Bonita's states, "TOML's previous owner, Nautilus Minerals Inc. (formerly TSX: NMI) ("NMI") valued the TOML exploration license in its historical annual reports at zero."
Those who purchased shares of TMC the metals company Inc. (NASDAQ: TMC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ:TMC Shareholder Notice: Investigation over Possible Securities Laws Violations by TMC the Metals Company Inc.
An investigation for investors in TMC the metals company Inc. (NASDAQ:TMC) shares over potential securities laws violations by TMC the metals company Inc. was announced.