---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-129609"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-21T00:10:13.365655+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TMC enters $30M at-the-market equity distribution agreement with Stifel and Wedbush

## Summary
- Company may sell up to $30M of common shares at market prices through Stifel and Wedbush as sales agents.
- Agents receive up to 3.0% commission on gross proceeds; company reimburses legal fees up to $75,000.
- Sales made under existing effective shelf registration statement on Form S-3 (File No. 333-267479).
- Company has no obligation to sell any shares; may suspend or terminate the agreement at any time.

## SEC filing metadata
- accession: 0001104659-22-129609
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465922129609/0001104659-22-129609-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465922129609/tm2233215d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-129609
- JSON: https://secwatch.observer/filing/0001104659-22-129609.json
- Plain text: https://secwatch.observer/filing/0001104659-22-129609.txt

## Key facts
- Material Agreements
  TMC the metals Co Inc. entered into At-The-Market Equity Distribution Agreement with Stifel, Nicolaus & Company, Incorporated and Wedbush Securities Inc. valued at up to $30 million (effective 2022-12-22).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Stifel, Nicolaus & Company, Incorporated and Wedbush Securities Inc.
  - Value: up to $30 million
  - Effective: 2022-12-22
  source text: On December 22, 2022, TMC the metals company Inc. (the “Company”) entered into an At-The-Market Equity Distribution Agreement (the “Agreement”) with Stifel, Nicolaus & Company, Incorporated and Wedbush Securities Inc., as sales agents (the “Agents”), pursuant to which the Company may, from time to time, issue and sell its common shares, without par value, with an aggregate offering price of up to $30 million (the “Shares”) through the Agents.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1798562/000110465922129609/0001104659-22-129609-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.