Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 126

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 126
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As of November 28, 2023, there were
306,366,984 Common Shares issued and outstanding. As of November 28, 2023, we had approximately 326 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 rights or restrictions attached to Common Shares are subject to and may be adversely
affected by, the rights attached to any series of preferred shares that the board of directors may designate in the future.

Transfer Agent and Registrar

The transfer agent for our Common Shares is Continental Stock Transfer &
Trust Company.

Stock Exchange Listing

Our Common Shares are listed for trading on the Nasdaq Global Select
Market under the symbol “TMC”.

Special Shares

As of November 28, 2023, there were
issued and outstanding (a) 4,999,973 Class A Special Shares, (b) 9,999,853 Class B Special Shares, (c) 9,999,853
Class C Special Shares, (d) 19,999,855 Class D Special Shares, (e) 19,999,855 Class E Special Shares, (f) 19,999,855
Class F Special Shares, (g) 24,999,860 Class G Special Shares, (