As reported here in Law360 [$$], Sustainable Opportunities Acquisition Corp. — a SPAC planning to mine the seafloor for metals to be used in electric vehicle batteries — has sued two potential investors for failing to fulfill their purported obligation to provide funding under a PIPE deal. The investors had signed subscription agreements committing them to fund $200 million to the SPAC but ultimately refused to do so by the stated funding deadline. The SPAC is seeking specific performance, asking the court for a judgment requiring the investors to fund their PIPE commitment. The newly filed complaint does not indicate what the investors’ reasons were for refusing to fund.