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In page The Metals Company:
"In 2021, DeepGreen Metals merged with Sustainable Opportunities Acquisition Corp (SOAC), a special-purpose acquisition company (SPAC), in a $2.9 billion deal that enabled DeepGreen to go public. The resulting company was renamed The Metals Company and began trading on the Nasdaq Stock Exchange under the ticker "TMC."[citation needed] In June 2021, NORI's sponsoring state, the Republic of Nauru, informed the ISA of its intent to begin exploiting deep sea minerals, which required the ISA to finalize and adopt regulations for deep-sea mining within two years.[7] Also in 2021, The Metals Company hired architecture firm Bjarke Ingels Group to design the robotic vehicles and surface vessels that will be used to obtain and transport the metal nodules to an onshore processing facility.[8]
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