Investigation announced for Investors in shares of the TMC the metals company Inc. (NASDAQ: TMC)

An investigation was announced 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 possible claims 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.”

Shares of TMC the metals company Inc. (NASDAQ: TMC) declined from $14.66 per share on September 14, 2021, to as low as $3.36 per share on October 11, 2021.

Those who purchased shares of TMC the metals company Inc. (NASDAQ: TMC) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

This release was published on openPR.