SEC concludes investigation into TMC's 2020 and 2021 transactions; no enforcement action recommended

TMC the metals Co Inc.

SEC notified TMC on May 24, 2024 that it has closed its investigation into the 2020 Tonga Offshore Mining acquisition and 2021 business combination.
SEC stated it does not intend to recommend enforcement action against TMC or its officers/directors based on available information.
This resolves a previously disclosed investigation and removes a regulatory overhang for the company.

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