secwatch.observer — SEC 8-K summary
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Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001104659-23-036089
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TMC reports net loss of $109.6M in Q4 2022 and $171M for FY 2022; cash $46.8M
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- Net loss Q4 2022 $109.6M ($0.41 loss per share) vs $19.8M ($0.09) in Q4 2021.
- Full-year net loss $171M ($0.71 per share) vs $141.3M ($0.69) in 2021.
- Recorded $69.9M warrant expense and $8.7M shares to Allseas upon successful pilot trial.
- Secured $25M unsecured credit facility from Allseas parent, maturing May 2024.
- MoU with PAMCO to evaluate processing 1.3M tonnes/year of nodules at Hachinohe smelter in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465923036089/0001104659-23-036089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465923036089/tm231225d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-036089

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