Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 59

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 59
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 the transaction.

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Under the securities laws of some states, the
Common Shares may be sold in such states only through registered or licensed brokers or dealers. In addition, in some states the Common
Shares may not be sold unless such shares have been registered or qualified for sale in such state or an exemption from registration
or qualification is available and is complied with.

There can be no assurance that any selling shareholders
will sell any or all of the Common Shares registered pursuant to the shelf registration statement, of which this prospectus forms a part.

Each selling shareholder and any other person
participating in such distribution will be subject to applicable provisions of the Exchange Act and the rules and regulations thereunder,
including, without limitation, Regulation M of the Exchange Act, which may limit the timing of purchases and sales of any of the Common
Shares by the selling shareholders and any other participating person. Regulation M may also restrict the ability of any person engaged
in the distribution of the Common Shares to engage in market-making activities with respect to the Common Shares. All of the foregoing
may affect the marketability of the Common Shares and the ability of any person or entity to engage in market-making activities with
respect to the Common Shares.

We will pay all expenses of the registration
of the Common Shares pursuant to the Purchase Agreements, including, without limitation, SEC filing fees and expenses of compliance with
state securities or “blue sky” laws; provided, however, that each selling shareholder will pay all underwriting discounts
and selling commissions, if any. We will indemnify the selling shareholders against certain liabilities, including some liabilities under
the Securities Act, in accordance with the Purchase Agreements, or the selling shareholders will be entitled to contribution. We may
be indemnified by the selling shareholders against civil liabilities, including liabilities under the Securities Act, that may arise
from any written information furnished to us by the selling shareholders specifically for use in this prospectus, in accordance with
the Purchase Agreements, or we may be entitled to contribution.

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DESCRIPTION OF COMMON SHARES AND SPECIAL SHARES</div>

Our authorized capital consists of (a) an
unlimited number of Common Shares, (b) an unlimited number of preferred shares, issuable in series, (c) 5,000,000 Class A
Special Shares, (d) 10,000,000 Class B Special Shares, (e) 10,000,000 Class C Special Shares, (