Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 125

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 125
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 open market or by exercising their over-allotment option. In addition, these persons may stabilize or maintain
the price of the securities by bidding for or purchasing the applicable security in the open market or by imposing penalty bids, whereby
selling concessions allowed to dealers participating in the offering may be reclaimed if the securities sold by them are repurchased in
connection with stabilization transactions. The effect of these transactions may be to stabilize or maintain the market price of the securities
at a level above that which might otherwise prevail in the open market. These transactions may be discontinued at any time.

The underwriters, dealers and agents may engage in other transactions
with us, or perform other services for us, in the ordinary course of their business.

Under the securities laws of some states, the
Common Shares may be sold in such states only through registered or licensed brokers or dealers. In addition, in some states the Common
Shares may not be sold unless such shares have been registered or qualified for sale in such state or an exemption from registration or
qualification is available and is complied with.

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DESCRIPTION OF COMMON SHARES AND SPECIAL SHARES</div>

Our authorized capital consists of (a) an
unlimited number of Common Shares, (b) an unlimited number of preferred shares, issuable in series, (c) 5,000,000 Class A
Special Shares, (d) 10,000,000 Class B Special Shares, (e) 10,000,000 Class C Special Shares, (f) 20,000,000
Class D Special Shares, (g) 20,000,000 Class E Special Shares, (h) 20,000,000 Class F Special Shares, (i) 25,000,000
Class G Special Shares, (j) 25,000,000 Class H Special Shares, (k) 500,000 Class I Special Shares, and (l) 741,000
Class J Special Shares, each without par value.

The following summaries of certain provisions
of our Common Shares and Special Shares do not purport to be complete. You should refer to the section of this prospectus entitled “Certain
Important Provisions of The Notice of Articles and Articles and the BCBCA”, “Ownership and Exchange Controls” and our
notice of articles and articles, both of which are included as exhibits to the registration statement of which this prospectus is a part.
The summaries below are also qualified by provisions of applicable law.

Common Shares