Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 80

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 80
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 holders
of at least 50% of the then outstanding public warrants to make any change that adversely affects the interests of the registered holders.
You should review a copy of the warrant agreement, which is filed as an exhibit to the registration statement of which this prospectus
is a part, for a complete description of the terms and conditions applicable to the warrants.

The warrant holders do not have the rights or
privileges of holders of Common Shares and any voting rights until they exercise their warrants and receive Common Shares.

No fractional warrants will be issued upon separation
of the units and only whole warrants will trade. If, upon exercise of the warrants, a holder would be entitled to receive a fractional
interest in a share, we will, upon exercise, round down to the nearest whole number the number of Common Shares to be issued to the warrant
holder.

Warrant Agent and Registrar

The warrant agent for our public warrants is Continental Stock Transfer &
Trust Company.

Stock Exchange Listing

Our public warrants are listed for trading on the Nasdaq Global Select
Market under the symbol “TMCWW”.

Private Placement Warrants

As of September 30, 2022, there were 9,500,000
private placement warrants outstanding held of record by 32 holders. The private placement warrants (including the Common Shares issuable
upon exercise of the private placement warrants) were not transferable, assignable or salable until October 9, 2021, except pursuant
to limited exceptions to our officers and directors and other persons or entities affiliates with the initial purchasers of the private
placement warrants, and they are not redeemable by us, except as described above when the prices per share of Common Shares equals or
exceeds $10.00, so long as they are held by SOAC or its permitted transferees. SOAC, or its permitted transferees, has the option to
exercise the private placement warrants on a cashless basis. Except as described below, the private placement warrants have terms and
provisions that are identical to those of the public warrants. If the private placement warrants are held by holders other than SOAC
or its permitted transferees, the private placement warrants will be redeemable by us and exercisable by the holders on the same basis
as the public warrants.

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Except as described
above regarding redemption procedures and cashless exercise in respect of the public warrants, if holders of the private placement warrants
elect to exercise them on a cashless