Company: TMCWW
Filing Date: 2025-07-01
Form Type: 8-K
Source: 0001104659-25-064780
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Company: TMC the metals Co Inc.
Filing Date: 2025-07-01
Form: 8-K
Item: Item 8.01
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Item 8.01.      Other Events.  

As previously announced, on
June 16, 2025, TMC the metals company Inc. (the “ Company”) entered into a securities purchase agreement in connection with
a private placement with Korea Zinc Company, Ltd. (“ Korea Zinc”). On June 25, 2025, the Company completed the closing of the
private placement and issued to Korea Zinc 19,623,376 common shares and a warrant to purchase up to an additional 6,868,181 common shares
for gross proceeds of approximately $85.2 million, which does not include any proceeds receivable upon exercise of the warrant.

As previously announced, on May 12, 2025, the Company entered into a securities purchase agreement in connection with a registered direct
offering with certain new and existing investors. The Company has completed the closings of the registered direct offering and has issued
to the investors an aggregate of 12,333,333 common shares and Class C warrants to purchase up to an aggregate of 12,333,333 common shares
for aggregate gross proceeds of approximately $37.0 million, which does not include any proceeds receivable upon exercise of the Class
C warrants.

Following the closings
of these financings, the Company's cash balance is approximately $122.8 million as of June 30, 2025.

SIGNATURES