TMC removes Stifel as sales agent under $30M ATM equity distribution agreement

TMC the metals Co Inc.

Amendment removes Stifel, Nicolaus & Company as an agent; Wedbush Securities remains sole agent.
Company may still issue up to $30 million in common shares under the at-the-market program.
Effective December 21, 2023; all other terms of the original agreement unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TMC the metals Co Inc. amended Amendment No. 1 with Stifel, Nicolaus & Company, Incorporated and Wedbush Securities Inc. valued at up to $30 million (effective 2023-12-21).

Action: amendment
Agreement: atm program
Counterparty: Stifel, Nicolaus & Company, Incorporated and Wedbush Securities Inc.
Value: up to $30 million
Effective: 2023-12-21

Exact text from the filing

On December 21, 2023, TMC the metals company Inc. (the “Company”) entered into an Amendment No. 1 (the “Amendment”) to the At-The-Market Equity Distribution Agreement, dated December 22, 2022, among the Company, and Stifel, Nicolaus & Company, Incorporated and Wedbush Securities Inc., as sales agents (the “Agents”), pursuant to which the Company may, from time to time, issue and sell its common shares, without par value, with an aggregate offering price of up to $30 million (the “Shares”) through the Agents.

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Source: SEC EDGAR

accession 0001104659-23-128281

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