Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 60

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 60
---
f) 20,000,000
Class D Special Shares, (g) 20,000,000 Class E Special Shares, (h) 20,000,000 Class F Special Shares, (i) 25,000,000
Class G Special Shares, (j) 25,000,000 Class H Special Shares, (k) 500,000 Class I Special Shares, and (l) 741,000
Class J Special Shares, each without par value.

The following summaries of certain provisions
of our Common Shares and Special Shares do not purport to be complete. You should refer to the section of this prospectus entitled “Certain
Important Provisions of The Notice of Articles and Articles and the BCBCA”, “Ownership and Exchange Controls” and our
notice of articles and articles, both of which are included as exhibits to the registration statement of which this prospectus is a part.
The summaries below are also qualified by provisions of applicable law.

Common Shares

As of September 30, 2022, there were 265,529,989
Common Shares issued and outstanding. As of September 30, 2022, we had approximately 125 record holders of our Common Shares.

General

Holders of Common Shares are entitled to one
(1) vote per share on all matters upon which holders of shares are entitled to vote. Subject to the Business Corporations Act(British Columbia), or the BCBCA, and prior rights of the holders of preferred shares and any other class ranking senior to the Common
Shares, the holders of Common Shares are entitled to receive dividends as, if and when declared by the board of directors. Subject to
the prior rights of the holders of Special Shares and preferred shares, and any other class ranking senior to the Common Shares, in the
event of our liquidation, dissolution or winding-up or other distribution of our assets among our shareholders, the holders of Common
Shares will be entitled to share pro rata in the distribution of the balance of our assets. Holders of Common Shares will have no pre-emptive
or conversion or exchange rights or other subscription rights. There are no redemption, retraction, purchase for cancellation or surrender
provisions or sinking or purchase fund provisions applicable to Common Shares. There is no provision in the notice of articles and articles
requiring holders of Common Shares to contribute additional capital, or permitting or restricting the issuance of additional securities
of authorized share capital or any other material restrictions. The special