{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-091388","form_type":"8-K","ticker":"TMC","cik":"0001798562","company_name":"TMC the metals Co Inc.","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.283053+00:00","generated_at":"2026-06-11T12:15:04.555886+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"TMC raises ~$27M at $2.00/share (82% premium); reports Q2 net loss $14.1M; targets Q4 2025 commercial production","bullets":["Registered direct offering expected gross proceeds ~$27M from existing investors at $2.00/share, 82% premium to Aug 11 close; may upsize to $38M.","Q2 2023 net loss $14.1M ($0.05/share) vs $12.4M loss prior year; cash $20.0M, no debt.","NORI plans to submit exploitation contract application after July 2024 ISA meeting; targets commercial production Q4 2025.","Production capacity target increased 130% to 3.0M wet tonnes per annum using Hidden Gem vessel.","Participation by largest shareholder ERAS Capital, Allseas, and insiders; warrants at $3.00 strike with call provision at $6.50 VWAP."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-091388","json":"https://secwatch.observer/filing/0001104659-23-091388.json","markdown":"https://secwatch.observer/filing/0001104659-23-091388.md","text":"https://secwatch.observer/filing/0001104659-23-091388.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1798562/000110465923091388/0001104659-23-091388-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1798562/000110465923091388/tm2322494d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T12:15:04.555886+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1d79ffbfc53c2a826508a03de294de2049ac05ee","claim":"TMC the metals Co Inc. reported the second quarter ended June 30, 2023 results: net income Net loss of $14.1 million, EPS $0.05 per share.","evidence_excerpt":"Net loss of $14.1 million and per share amount of $0.05 for the quarter ended June 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1798562/000110465923091388/0001104659-23-091388-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Net income","value":"Net loss of $14.1 million"},{"label":"EPS","value":"$0.05 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}