secwatch.observer — SEC 8-K summary
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Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001104659-23-047863
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465923047863/0001104659-23-047863-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465923047863/tm2312599d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-047863

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