# EDGAR Filing Document

**Accession Number:** 0000728083
**File Stem:** 0000728083-25-000008
**Filing Date:** 2025-6
**Character Count:** 17449
**Document Hash:** 9ac4b9eaa2e82d3b6552f109476d2241
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000728083-25-000008.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0000728083-25-000008

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250623

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TMC the metals Co Inc.
- **CENTRAL INDEX KEY:** 0001798562
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91509
- **FILM NUMBER:** 251065241

**BUSINESS ADDRESS:**
- **STREET 1:** 1111 WEST HASTINGS STREET
- **STREET 2:** 15TH FLOOR
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6E 2J3
- **BUSINESS PHONE:** 888-458-3420

**MAIL ADDRESS:**
- **STREET 1:** 1111 WEST HASTINGS STREET
- **STREET 2:** 15TH FLOOR
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6E 2J3

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sustainable Opportunities Acquisition Corp.
- **DATE OF NAME CHANGE:** 20200102
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST MANHATTAN CO. LLC.
- **CENTRAL INDEX KEY:** 0000728083

**ORGANIZATION NAME:**
- **EIN:** 131957714
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 399 PARK AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 2127563300

**MAIL ADDRESS:**
- **STREET 1:** 399 PARK AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST MANHATTAN CO
- **DATE OF NAME CHANGE:** 19960606

## Ex-1

**Exhibit 1: Agreement Joint Filing of Schedule 13D**

The undersigned hereby agree to jointly prepare and file with regulatory authorities this Schedule 13D and any future amendments thereto reporting each of the undersigned' ownership of securities of TMC the metals Co Inc. and hereby affirm this Schedule 13D is being filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934. The undersigned acknowledge that each is responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning the other, except to the extent that it or he knows or has reason to believe that such information is inaccurate.

___________________________________

FIRST MANHATTAN CO. LLC.

Signature: Jeremy Covino

Name/Title: Chief Compliance Officer

Date: 06/23/2025

____________________________________

FMC Group Holdings LP

Signature: Andrew Aspen

Name/Title: Authorized Signatory

Date: 06/23/2025

___________________________

First Manhattan Management LLC

Signature: Andrew Aspen

Name/Title: Authorized Signatory

Date: 06/23/2025

______________________________________

ZACHARY A. WYDRA

Signature: Zachary A. Wydra

Date: 06/23/2025

## Ex-2

**Exhibit 2**

The following table sets forth all transactions with respect to the shares effected during the past 60 days by any of the Reporting Persons. Except as otherwise noted, all such transactions in the table were effected in the open market, and the table includes commissions paid in per share prices.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Date of Transaction | &nbsp;&nbsp;Shares Purchased (Sold) | &nbsp;&nbsp;Price Per Share ($) |
| &nbsp;&nbsp;05/19/2025 | &nbsp;&nbsp;(500000) | &nbsp;&nbsp;4.46 |
| &nbsp;&nbsp;05/21/2025 | &nbsp;&nbsp;(279425) | &nbsp;&nbsp;4.50 |
| &nbsp;&nbsp;05/22/2025 | &nbsp;&nbsp;(538800) | &nbsp;&nbsp;4.35 |
| &nbsp;&nbsp;05/23/2025 | &nbsp;&nbsp;(1313750) | &nbsp;&nbsp;4.44 |
| &nbsp;&nbsp;05/27/2025 | &nbsp;&nbsp;(350000) | &nbsp;&nbsp;4.80 |
| &nbsp;&nbsp;06/02/2025 | &nbsp;&nbsp;(55500) | &nbsp;&nbsp;4.49 |
| &nbsp;&nbsp;06/03/2025 | &nbsp;&nbsp;(26800) | &nbsp;&nbsp;4.51 |
| &nbsp;&nbsp;06/09/2025 | &nbsp;&nbsp;(96700) | &nbsp;&nbsp;4.10 |
| &nbsp;&nbsp;06/10/2025 | &nbsp;&nbsp;(71000) | &nbsp;&nbsp;4.10 |
| &nbsp;&nbsp;06/18/2025 | &nbsp;&nbsp;(500000) | &nbsp;&nbsp;7.12 |
| &nbsp;&nbsp;06/18/2025 | &nbsp;&nbsp;\*(1393929) | &nbsp;&nbsp;6.70 |

---

\*Shares were not sold in the open market but were retained by the Company through a cashless stock option exercise.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**TMC the metals Co Inc.**

*(Name of Issuer)*

**TMC Common Shares without par value**

*(Title of Class of Securities)*

**87261Y106**

*(CUSIP Number)*

**Jeremy Covino**<br>399 Park Avenue<br>New York NY 10022<br>(212) 756-3174

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/18/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **87261Y106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**FIRST MANHATTAN CO. LLC.** | Name of reporting person<br>**FIRST MANHATTAN CO. LLC.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**17619789.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**17619789.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**17619789.00** | Aggregate amount beneficially owned by each reporting person<br>**17619789.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.9%** | Percent of class represented by amount in Row (11)<br>**4.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

| **CUSIP No.** | **87261Y106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Zachary A. Wydra** | Name of reporting person<br>**Zachary A. Wydra** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**17619789.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**17619789.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**17619789.00** | Aggregate amount beneficially owned by each reporting person<br>**17619789.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.9%** | Percent of class represented by amount in Row (11)<br>**4.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **87261Y106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**FMC Group Holdings LP** | Name of reporting person<br>**FMC Group Holdings LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**17619789.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**17619789.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**17619789.00** | Aggregate amount beneficially owned by each reporting person<br>**17619789.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.9%** | Percent of class represented by amount in Row (11)<br>**4.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **87261Y106** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**First Manhattan Management LLC** | Name of reporting person<br>**First Manhattan Management LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**17619789.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**17619789.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**17619789.00** | Aggregate amount beneficially owned by each reporting person<br>**17619789.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.9%** | Percent of class represented by amount in Row (11)<br>**4.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
TMC Common Shares without par value

**(b) Name of Issuer:**
TMC the metals Co Inc.

**(c) Address of Issuer's Principal Executive Offices:**
1111 WEST HASTINGS STREET, 1111 WEST HASTINGS STREET, VANCOUVER, A1, V6E 2J3

**Item 4. Purpose of Transaction**

The Reporting Persons initially acquired the Common Stock because they believed that the Common Stock represented an attractive investment opportunity.  On May 12, 2025, Mr. Wydra, the CEO of FMC Group Holdings L.P. and First Manhattan Co. LLC and the Portfolio Manager of the Accounts, became a Board Observer of the Board of Directors of the Issuer. As a result of this Board Observer position, Mr. Wydra expects to participate in discussions with management of the Issuer, the Board of Directors of the Issuer, other shareholders of the Issuer, and other relevant parties with respect to the Issuer's business, operations, strategy, and related matters.

Depending upon, among other things, the outcome of the discussions referenced above, current and future trading prices for the shares of the Common Stock, the financial condition, results of operations and prospects of the Issuer and its businesses, other investment opportunities available to the Reporting Persons and the Accounts, conditions in the securities markets, general economic conditions, and other factors that the Reporting Persons deems relevant, the Reporting Persons may from time to time acquire additional shares of Common Stock and warrants or sell shares of Common Stock in the open market, in privately negotiated transactions or otherwise, and may take such other actions with respect to their investment in the Issuer as they may deem appropriate, including, without limitation, changing their intention with respect any of the matters enumerated in clauses (a) through (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The aggregate number of shares of Common Stock to which this Statement relates is 17,619,789. Such shares of Common Stock constitute approximately 4.86% of the Issuer's currently outstanding Common Stock, based upon the 362,186,002 shares of Common Stock outstanding as of May 13, 2025 as reported in the Issuer's Annual Report on Form 10-Q for the period ended March 31, 2025 filed with the Securities and Exchange Commission.

**(b)**
The Reporting Persons may be deemed to have shared voting power and shared dispositive power over the shares of Common Stock to which this Statement relates.

**(c)**
Exhibit 2 hereto (which is incorporated by reference in this Item 5 as if restated in full herein) sets forth all transactions with respect to the Shares effected during the past 60 days by the Reporting Persons.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

A Board Observer Agreement, dated May 12, 2025 between the Issuer and Mr. Wydra, details the terms of Mr. Wydra's Board Observer position ("Board Observer Agreement"). Certain agreements and undertakings by the Reporting Persons in connection with the purchase of the shares of Common Stock and warrants to which this Statement relates are set forth in Securities Purchase Agreements, dated August 14, 2023, November 15, 2024 and first amended November 26, 2024, with the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** FIRST MANHATTAN CO. LLC.

**Signature:** Jeremy Covino

**Name/Title:** Chief Compliance Officer

**Date:** 06/23/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Zachary A. Wydra

**Signature:** Zachary A. Wydra

**Name/Title:** Authorized Signatory

**Date:** 06/23/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** FMC Group Holdings LP

**Signature:** Andrew Aspen

**Name/Title:** Authorized Signatory

**Date:** 06/23/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** First Manhattan Management LLC

**Signature:** Andrew Aspen

**Name/Title:** Authorized Signatory

**Date:** 06/23/2025