Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 95

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 95
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 recognize gain or loss in an amount equal to the difference between
(i) the sum of (x) the amount cash and (y) the fair market value of any other property, received in such sale, exchange
or other taxable disposition and (ii) the U.S. Holder’s adjusted tax basis in such Common Shares or public warrants, in each
case as calculated in U.S. dollars. If a U.S. Holder acquired such Common Shares or public warrants as part of a unit, the adjusted tax
basis in the Common Shares or public warrants will be the portion of the acquisition cost allocated to the shares or warrants, respectively,
or if such Common Shares were received upon exercise of public warrants, the initial basis of the Common Shares upon exercise of public
warrants (generally determined as described below in “- Tax Consequences of Ownership and Disposition of Common Shares and Public Warrants - Exercise or Lapse of a Public Warrant”). Any such gain or loss generally will be capital gain or loss and will be
long-term capital gain or loss if the U.S. Holder’s holding period for such Common Shares exceeds one (1) year. Long-term
capital gain realized by a non-corporate U.S. Holder generally will be taxable at a reduced rate. The deduction of capital losses is
subject to limitations. This gain or loss generally will be treated as U.S. source gain or loss.

Exercise or Lapse of a Public Warrant

A U.S. Holder generally
will not recognize taxable gain or loss on the acquisition of a Common Share upon exercise of a public warrant for cash. The U.S. Holder’s
tax basis in the Common Share received upon exercise of the public warrant generally will be an amount equal to the sum of the U.S. Holder’s
initial investment in the public warrant (i.e.,its tax basis, calculated in U.S. dollars) and the exercise price. The U.S. Holder’s
holding period for a Common Share received upon exercise of the of a public warrant will begin on the day following the date of exercise
(or possibly the date of exercise) of the public warrant and will not include the period during which the U.S. Holder held the public
warrant. If a public warrant is allowed to lapse unexercised, a U.S. Holder generally will recognize a capital loss equal to such U.S.
Holder’s tax basis in the warrant (calculated in U.S. dollars). Such loss will be long-term if the warrant has been held