Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 15

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 15
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 growth companies. As a result of the accounting standards election, we will not be subject to the same implementation timing for new or revised accounting standards as other public companies that are not emerging growth companies, which may make comparison of our financials to those of other public companies more difficult. As a result of these elections, the information that we provide in this prospectus supplement may be different than the information you may receive from other public companies in which you hold equity interests. In addition, it is possible that some investors will find our common shares less attractive as a result of these elections, which may result in a less active trading market for our common shares and higher volatility in our share price. We are also a “smaller reporting company,” meaning that the market value of our shares held by non-affiliates is less than $700 million and our annual revenue was less than $100 million during the most recently completed fiscal year. We may continue to be a smaller reporting company if either (i) the market value of our shares held by non-affiliates is less than $250 million or (ii) our annual revenue was less than $100 million during the most recently completed fiscal year and the market value of our shares held by non-affiliates is less than $700 million. If we are a smaller reporting company at the time we cease to be an emerging growth company, we may continue to rely on exemptions from certain disclosure requirements that are available to smaller reporting companies. Specifically, as a smaller reporting company, we may choose to present only the two most recent fiscal years of audited financial statements in our Annual Report on Form 10-K and, similar to emerging growth companies, smaller reporting companies have reduced disclosure obligations regarding executive compensation.

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THE OFFERING

| Common shares offered by us                                     |     | 12,333,333 common shares                                                                                                                                                                                                                                                                                                                                                                                                              |
| Class C warrants offered by us                                  |     | Class C warrants to purchase up to an aggregate of 12,333,333 common shares. The common shares are being sold together with the Class                                                                                                                                                                                                                                                                                                 
 C warrants. Each common share will be accompanied by a Class C warrant to purchase one common share. The Class C warrants are exercisable                                                                                                                                                                                                                                                                                             
 beginning on the issuance date at an exercise price of $4.50 per share, and will terminate on the third                                                                                                                                                                                                                                                                                                                               
 anniversary of the date of the securities purchase agreement, or the Termination Date.                                                                                                                                                                                                                                                                                                                                                |
| Common shares outstanding before