Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 131

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 131
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arrangement, reorganization or other business combination involving the Company with another entity, other than a Change of Control, the
holders of Special Shares will be entitled to receive, on conversion, such securities or other property as if on the effective date of
the event they were registered holders of the number of Common Shares which such holders of Special Shares were entitled to receive upon
conversion of their Special Shares.

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DESCRIPTION OF PREFERRED SHARES</div>

The following description of our preferred shares and the description
of the terms of any particular series of preferred shares that we choose to issue hereunder are not complete. These descriptions are qualified
in their entirety by reference to notice of articles and articles, both of which are included as exhibits to the registration statement
of which this prospectus is a part.

We are authorized to
issue an unlimited number of preferred shares, issuable in series. Accordingly, the board of directors is authorized, without shareholder
approval but subject to the provisions of the BCBCA and notice of articles, to determine the maximum number of shares of each series,
create an identifying name for each series and alter or attach such special rights or restrictions, including dividend, liquidation and
voting rights, as the board of directors may determine, and such special rights or restrictions, including dividend, liquidation and voting
rights, may be superior to those of the Common Shares and Special Shares. The issuance of preferred shares, while providing flexibility
in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring
or discouraging potential acquisition proposals and might adversely affect the market price of the Common Shares and the voting and other
rights of the holders of Common Shares. We have no current plan to issue any preferred shares.

Transfer Agent and Registrar

The transfer agent and registrar for our preferred
shares will be set forth in the applicable prospectus supplement.

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DESCRIPTION OF DEBT SECURITIES</div>

The following description, together with the additional
information we include in any applicable prospectus supplements, summarizes the material terms and provisions of the debt securities that
we may offer under this prospectus. While the terms we have summarized below will apply generally to any future debt securities we may
offer pursuant to this prospectus, we will describe the particular terms of any debt securities that we may offer in more detail in the
applicable prospectus supplement. If we so indicate in a prospectus supplement, the terms