Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 52

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 52
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 of the Barron Purchase Agreement, and a separate securities purchase agreement with ERAS Capital
LLC, the family fund of one of our directors, Andrei Karkar, for the issuance and sale of 6,250,000 Common Shares at a purchase price
of $0.80 per share, or the ERAS Purchase Agreement. The PIPE Purchase Agreement, the Barron Purchase Agreement and the ERAS Purchase
Agreement are referred to herein collectively as the Purchase Agreements. An aggregate of 287,500 Common Shares were issued to certain
of our advisors in connection with advisory services they rendered related to the issuances of Common Shares pursuant to the Purchase
Agreements. We are registering the resale of these Common Shares pursuant to the Purchase Agreements as well as arrangements with certain
of our advisors. We will not receive any proceeds from the resale of the Common Shares by the selling shareholders.

The following table and the accompanying footnotes
are based in part on information supplied to us by the selling shareholders. The table and footnotes assume that the selling shareholders
will sell all of the shares listed. However, because the selling shareholders may sell all or some of their shares under this prospectus
from time to time, or in another permitted manner, we cannot assure you as to the actual number of shares that will be sold by the selling
shareholders or that will be held by the selling shareholders after completion of any sales. We do not know how long the selling shareholders
will hold the shares before selling them.

The following table sets forth certain information
with respect to the beneficial ownership of our Common Shares as of August 31, 2022 by each selling shareholder. Beneficial ownership
is determined in accordance with the rules of the SEC and includes voting or investment power with respect to the securities. We deem
Common Shares that may be acquired by an individual or group within 60 days of August 31, 2022 pursuant to the exercise of options or
conversion of convertible securities to be outstanding for the purpose of computing the percentage ownership of such individual or group,
but those shares are not deemed to be outstanding for the purpose of computing the percentage ownership of any other person shown in
the table. The Common Shares issuable upon conversion of any Special Shares owned by the selling shareholders are not beneficially owned
by any of the selling shareholders and are excluded from the beneficial ownership columns in the table below since the conversions of
such Special Shares are subject to the Common Share trading price thresholds described herein. Please see the