TMC the metals company Inc.
|Company Name||TMC the metals company Inc.|
On October 6, 2021, Bonitas Research published a report alleging, among other things, that TMC had siphoned $43 million to insiders by overpaying for Tonga Offshore Mineral License. The license had previously been owned by Nautilus Minerals Inc., which “valued the TOML exploration license in its historical annual reports at zero.”
On this news, the Company’s stock price fell $0.32, or 7%, to close at $4.14 per share on October 6, 2021, thereby injuring investors.
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