secwatch.observer — SEC 8-K summary
======================================

Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001104659-24-119790
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465924119790/0001104659-24-119790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465924119790/tm2427511d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-119790

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