Company: TMCWW
Filing Date: 2025-08-29
Form Type: 8-K12B
Source: 0001104659-25-084948
Chunk: 1

Company: TMC the metals Co Inc.
Filing Date: 2025-08-29
Form: 8-K12B
Chunk 1
---
 check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth companyx

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨

| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. |

On August 28, 2025, at a Special
Meeting of TMC the metals company Inc. (the “Company”), the Company’s shareholders approved an amendment (the “Amendment”)
to the Company’s 2021 Incentive Equity Plan (as amended, the “Plan”). The Amendment had previously been approved by
the Company’s Board of Directors on July 8, 2025, and was subject to shareholder approval. The Amendment increases the share pool
for equity incentive grants under the Plan from 70,262,856 to 110,262,856 shares, as described in the Company’s definitive proxy
statement for the Special Meeting, filed with the Securities and Exchange Commission on July 18, 2025 (the “Proxy Statement”).

A summary of the material
terms of the Amendment is set forth in the Proxy Statement under the caption “Proposal No. 1, Approval of an Ordinary Resolution
Approving an Amendment to our 2021 Incentive Equity Plan to Increase the Share Pool for Equity Incentive Grants under the Plan”,
which summary is incorporated herein by reference. The description of the Amendment contained herein and in the Proxy Statement does not
purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1
to this Current Report on Form 8-K and incorporated herein by reference.

| Item 5.07. | Submission of Matters to a Vote of Security Holders. |

The Company held a Special
Meeting of shareholders on August 28, 2025 at 10:00 a.m. EDT. The action set forth below was taken. Of the Company's 400,543,202 common
shares outstanding and eligible