secwatch.observer — SEC 8-K summary
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Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0001104659-22-129609
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465922129609/0001104659-22-129609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465922129609/tm2233215d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-129609

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