Sustainable Opportunities Acquisition Corp.

The application published here covers a commercial recovery permit as well as an exploration licence, and it is the recovery permit that would allow production rather than survey. Two days after the Notice of Intent on the exploration application, this is the consolidated filing entering the public record; the report states no decision, no schedule and no conditions.

TMC's case rests on obtaining United States seabed permits, so a published Notice of Intent to prepare an environmental impact statement is a concrete procedural advance in that application rather than a decision on it. The report states the publication only: no timetable, no conditions and no outcome.

The permitting path runs through two separate regulators whose processes the company itself flags as capable of delay or denial. This summary is drawn from the cover page and cautionary note; the balance sheet and statements of loss are not covered here.

TMC has since been informed that nominees have no discretionary authority on ANY proposal in the proxy statement, including Proposals 1 and 3, so uninstructed street-name shares become broker non-votes rather than votes. The supplement states those broker non-votes have no effect on the outcome of either proposal, and urges street-name holders to instruct their nominees so their shares are voted at all. Proxies already returned remain valid and no other agenda item is affected. The correction reaches holders two days before the meeting.

The registered securities are still entirely the SPAC's own capital being renamed rather than merger consideration: 30,000,000 Class A ordinary public shares registered in the initial public offering plus 7,500,000 Class B Shares, whose identifying name changes to TMC Common Shares as a result of the Continuance. Nothing in the fee table has moved between amendments, so whatever this version revises lies deeper in the document than the cover and the fee table.

Four amendments in, the registered amounts have not moved. What is registered remains the SPAC's own capital being renamed rather than merger consideration: 30,000,000 Class A ordinary shares sold in the IPO and 7,500,000 Class B ordinary shares, becoming TMC common shares on the Continuance, of which 15,000,000 of the warrants are the Public Warrants offered in that IPO. Exercise of all 24,500,000 warrants at $11.50 would add roughly two-thirds again to the 37,500,000 registered shares.

What changed: TMC the metals company Inc. announced on August 19, 2026 that the National Oceanic and Atmospheric Administration published in the Federal Register the consolidated application submitted by its subsidiary The Metals Company USA LLC under the Deep Seabed Hard Mineral Resources Act, seeking an exploration licence and a commercial recovery permit for polymetallic nodules in the TMC USA-A area of the Clarion-Clipperton Zone in international waters of the Pacific Ocean. The release is furnished as Exhibit 99.1 under Item 7.01. Why it matters: The application published here covers a commercial recovery permit as well as an exploration licence, and it is the recovery permit that would allow production rather than survey. Two days after the Notice of Intent on the exploration application, this is the consolidated filing entering the public record; the report states no decision, no schedule and no conditions.

What changed: TMC the metals company Inc. announced on August 17, 2026 that the National Oceanic and Atmospheric Administration has published a Notice of Intent in the Federal Register to prepare an Environmental Impact Statement for the exploration licence application submitted by its subsidiary The Metals Company USA LLC under the Deep Seabed Hard Mineral Resources Act. The press release is furnished as Exhibit 99.1 under Item 7.01. Why it matters: TMC's case rests on obtaining United States seabed permits, so a published Notice of Intent to prepare an environmental impact statement is a concrete procedural advance in that application rather than a decision on it. The report states the publication only: no timetable, no conditions and no outcome.

What changed: Q2 2026 10-Q of TMC the metals company Inc. (Nasdaq: TMC), which had 441,135,482 common shares outstanding as of August 11, 2026. Why it matters: The permitting path runs through two separate regulators whose processes the company itself flags as capable of delay or denial. This summary is drawn from the cover page and cautionary note; the balance sheet and statements of loss are not covered here.

What changed: TMC the metals company Inc. issued a press release on August 13, 2026 announcing its results for the quarter ended June 30, 2026 and providing a business update, furnished as Exhibit 99.1 under Item 2.02, and held a conference call the same day at 4:30 p.m. EDT. The body of the 8-K contains no figures and states that the information is not deemed filed. Why it matters: The report dates the release; the numbers exist only in the exhibit. Read alone it supports no conclusion about TMC's cash, spending or operational progress.