TMC revises Nauru sponsorship, issues 9.1M warrants; hires Hess with large equity awards

TMC the metals Co Inc.

Revised Sponsorship Agreement with Nauru guarantees financial benefits from commercial production; warrant issued for 9,146,268 shares at $4.72.
Services agreement with Michael Hess provides up to 7.5M RSUs, 7.5M stock options (exercise $4.66), and potential 2.5M additional options.
Hess eligible to invest up to $25M in next public capital raise; company recently announced $37M registered direct offering.
Shareholders approved 8 directors, Ernst & Young as auditor, and article amendment to update registered office address.
Agreement acknowledges ISA delays in adopting exploitation regulations; Nauru commits to continued sponsorship.

item 1.01 item 2.03 item 5.03 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TMC the metals Co Inc.: Removed outdated registered office address from Article 15.8 of the Articles to avoid needing future amendments when the address changes (effective 2025-05-29).

Change: charter amendment
Effective: 2025-05-29

Exact text from the filing

On May 29, 2025, the Company adopted an amendment to the Articles of the Company (“Articles”) which removed from Article 15.8 of the Articles the outdated address of the registered office of the Company in Vancouver, British Columbia, Canada, which recently changed from 595 Howe Street, 10th Floor, Vancouver, British Columbia, V6C 2T5 Canada to 1111 West Hastings Street, 15th Floor, Vancouver, British Columbia,V6E 2J3 Canada (the “Amendment”).

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TMC the metals Co Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-056465

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