Company: TMCWW
Filing Date: 2025-05-21
Form Type: DEFA14A
Source: 0001104659-25-051682
Chunk: 1

Company: TMC the metals Co Inc.
Filing Date: 2025-05-21
Form: DEFA14A
Chunk 1
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991,050 common shares, which includes                                                                                          
 5,237,500 common shares underlying warrants that are exercisable within 60 days, subject to the terms of the warrants, which are                                                                              
 held in investment accounts, including accounts of advisory clients, partners, and employees of First Manhattan Co. LLC, over which                                                                           
 First Manhattan Co. LLC and Mr. Wydra, as portfolio manager, have investment discretion (4,625,000 of such common shares, which                                                                               
 includes 375,000 common shares underlying warrants that are exercisable within 60 days, subject to the terms of the warrants, are                                                                             
 owned by Mr. Wydra personally), (ii) the entities set forth above and Mr. Wydra may be deemed to have voting and                                                                                              
 dispositive power over the common shares held in such investment accounts and (iii) based on this information and the exclusion                                                                               
 of the 5,237,500 shares underlying the warrants, which may not be exercised if the holder of such warrants (together with its                                                                                 
 affiliates, any “group” or any other persons whose beneficial ownership could be aggregated with the holder) would                                                                                            
 beneficially own more than 4.99% of the number of common shares outstanding immediately following exercise, the entities named above                                                                          
 and Mr. Wydra beneficially owned 4.9% of the outstanding common shares as of April 3, 2025 (and less than 5% of the outstanding common shares as of the date of this Supplement). The beneficial ownership of 
 common shares is based on 358,705,212 common shares issued and outstanding as of April 3, 2025.                                                                                                               |

Mr. Wydra purchased 500,000
common shares and accompanying Class A warrants to purchase 250,000 common shares in our August 2023 registered direct offering
(defined as the Registered Direct Offering in the Proxy Statement) for a total purchase price of $1 million. In addition, on November 14,
2024, we entered into a securities purchase agreement with certain investors, which was subsequently amended, pursuant to which we sold
and issued, in a registered direct offering, 19,900,000 of our common shares and Class B warrants to purchase 9,950,000 of our common
shares at a price per common share and accompanying Class B warrant of $1.00. The exercise price of the Class B warrants is
$2.00 per share, subject to adjustment as provided in the