---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-099119"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:16:37.283886+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# TMC enters $5M working capital loan from Allseas Investments, matures April 2025

## Summary
- Loan of $5 million from Allseas Investments SA, a related party, for general corporate purposes and to repay a $2M short-term loan from Argentum.
- $2,047,111.11 of the loan proceeds were paid directly to Argentum to settle the matured short-term loan.
- Interest at 6-month annualized SOFR plus a 4.0% margin, payable in two installments (Jan 2, 2025 and Apr 1, 2025); deferred option at +5.0% margin.
- Loan is unsecured, matures April 1, 2025, and may be prepaid without penalty; lender can accelerate on a Change of Control.

## SEC filing metadata
- accession: 0001104659-24-099119
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465924099119/0001104659-24-099119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465924099119/tm2423852d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-099119
- JSON: https://secwatch.observer/filing/0001104659-24-099119.json
- Plain text: https://secwatch.observer/filing/0001104659-24-099119.txt

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