TMC ups registered direct offering to $19.9M, adds 2.4M shares and warrants

TMC the metals Co Inc.

Amended securities purchase agreement to increase offering by 2.4M common shares and 1.2M Class B warrants at $1.00 per unit.
Total offering now up to 19.9M shares and 9.95M warrants; expected gross proceeds ~$19.9M before expenses.
First closing on Nov 18, 2024 raised $14.9M; additional $5M commitment from one investor not yet closed.
Class B warrants have $2.00 exercise price, expire in 5 years, and include price-based anti-dilution through Dec 31, 2024.
Company agreed to a six-month ban on issuing shares below $1.00 per share (subject to customary exceptions).

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