secwatch.observer — SEC 8-K summary
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Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001104659-24-111183
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TMC increases working capital loan from Allseas from $5M to $7.5M
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- Amended working capital loan with Allseas Investments SA: loan amount increased from $5M to $7.5M.
- Additional $2.5M for general corporate purposes; $1.2M advanced Oct 18, $1.3M advanced Oct 21, 2024.
- Original loan agreement dated September 9, 2024; amendment executed October 18, 2024.
- Lender Allseas Investments SA is a Swiss corporation; terms otherwise unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465924111183/0001104659-24-111183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465924111183/tm2426755d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-111183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer