secwatch.observer — SEC 8-K summary
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Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001104659-22-124759
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

TMC receives Nasdaq deficiency notice for bid price below $1.00 per share
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- Nasdaq notified TMC on Dec 5, 2022; average closing price <$1.00 for 30 consecutive trading days through Dec 2.
- TMC has 180 calendar days (until June 5, 2023) to regain compliance by closing >=$1.00 for 10 consecutive business days.
- If not cured, TMC may qualify for an additional 180-day extension if it meets other standards and plans a reverse stock split.
- No immediate effect on listing; common shares continue trading on Nasdaq under symbol TMC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465922124759/0001104659-22-124759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465922124759/tm2232041d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-124759

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