---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-128281"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:16:59.305606+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-128281
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465923128281/0001104659-23-128281-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465923128281/tm2331753d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-128281
- JSON: https://secwatch.observer/filing/0001104659-23-128281.json
- Plain text: https://secwatch.observer/filing/0001104659-23-128281.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1798562/000110465923128281/0001104659-23-128281-index.htm

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