---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-047863"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:40:09.987140+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TMC receives Nasdaq deficiency notice for bid price below $1; has 180 days to comply

## Summary
- Nasdaq notified TMC on Apr 19, 2023 that common shares' closing bid price was below $1.00 for 30 consecutive trading days.
- Company has 180-day grace period ending Oct 16, 2023 to regain compliance by closing at $1.00 for 10 consecutive business days.
- This is the second such notice; a prior deficiency from Dec 2022 was resolved in Feb 2023 after share price recovered.
- If not compliant by Oct 16, TMC may be eligible for an additional 180-day extension if it meets other listing standards.
- Notice has no immediate effect on listing of TMC common shares (TMC) or warrants (TMCWW); trading continues normally.

## SEC filing metadata
- accession: 0001104659-23-047863
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465923047863/0001104659-23-047863-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465923047863/tm2312599d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-047863
- JSON: https://secwatch.observer/filing/0001104659-23-047863.json
- Plain text: https://secwatch.observer/filing/0001104659-23-047863.txt

## Key facts
- Listing & Compliance Notices
  TMC the metals Co Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1), 5810(c)(3)(A)
  source text: April 19, 2023, TMC the metals company Inc. (the “Company”) received a written notice from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price of the Company’s common shares (the “Common Shares”) over the 30 consecutive trading days from March 7, 2023 through April 18, 2023 had fallen below $1.00 per share, which is the minimum closing bid price required to maintain listing on the Nasdaq Stock Market under Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1798562/000110465923047863/0001104659-23-047863-index.htm

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