---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-119790"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:51:35.005650+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TMC raises $17.5M in registered direct offering of common shares and Class B warrants

## Summary
- Offering of 17.5M common shares at $1.00 each with Class B warrants to buy 8.75M shares at $2.00.
- Gross proceeds ~$17.5M; net proceeds for working capital and general corporate purposes.
- Closing expected on or before November 22, 2024.
- Borrowing limit under unsecured credit facility with Allseas Group returns to $25.0M after closing.
- A.G.P./Alliance Global Partners placement agent; Cantor Fitzgerald and EAS Advisors as financial advisors.

## SEC filing metadata
- accession: 0001104659-24-119790
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465924119790/0001104659-24-119790-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465924119790/tm2427511d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-119790
- JSON: https://secwatch.observer/filing/0001104659-24-119790.json
- Plain text: https://secwatch.observer/filing/0001104659-24-119790.txt

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