---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-123189"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2024-11-26T23:59:59+00:00"
generated_at: "2026-05-29T18:00:01.632535+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001104659-24-123189
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2024-11-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465924123189/0001104659-24-123189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465924123189/tm2429063d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-123189
- JSON: https://secwatch.observer/filing/0001104659-24-123189.json
- Plain text: https://secwatch.observer/filing/0001104659-24-123189.txt

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