Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 16

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 16
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 met, issuable upon exercise of share options outstanding as of December 31, 
 2024 under our stock incentive plans, at a weighted average per option exercise price of $1.21;                                           |

| · | 34,312,655 common shares issuable upon the vesting of restricted share units outstanding as of December 31,                               
 2024;                                                                                                                                     |
| · | 13,246,054 common shares available for future grant under the 2021 Incentive Equity Plan, which includes the evergreen increase in the    
 number of shares available under the 2021 Incentive Equity Plan made in January 2025;                                                     |
| · | 14,055,707 common shares available for future issuance under the 2021 Employee Stock Purchase Plan, which includes the evergreen increase 
 in the number of shares available under the 2021 Employee Stock Purchase Plan made in January 2025;                                       |

| · | 136,239,964 common shares reserved for issuance upon conversion of our outstanding special shares                                    
 (including 14,106,452 special shares issuable upon outstanding options), which are automatically convertible into common shares on a 
 one-for-one basis if certain price thresholds are met;                                                                               |

| · | 38,180,770 common shares issuable upon exercise of outstanding warrants as of December 31, 2024 to 
 purchase common shares, at a weighted average per warrant exercise price of $8.10;                 |

| · | 7,542,996 common shares issued after December 31, 2024 pursuant to the Sales Agreement; 
 and                                                                                     |

| · | 5,000,000 common shares and 2,500,000 common shares issuable upon exercise of our Class B warrants                                    
 at an exercise price of $2.00 per share issued on February 6, 2025 in connection with the registered direct offering of common shares 
 and Class B warrants pursuant to a securities purchase agreement, dated as of November 14, 2024, as amended on November 26,           
 2024.                                                                                                                                 |

Except as otherwise indicated, all information in this prospectus supplement assumes no exercise of the Class C warrants issued in this offering and does not reflect the potential issuance of our common shares that remain available for sale as of the date of this prospectus supplement under the Sales Agreement, pursuant to which we may sell common shares for remaining gross proceeds of up to $9.8 million after giving effect to the sale of an