secwatch.observer — SEC 8-K summary
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Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0001104659-25-064780
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

TMC closes $85.2M private placement with Korea Zinc and $37M direct offering
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- Closed private placement with Korea Zinc on June 25, 2025: 19,623,376 shares and warrant for 6,868,181 shares; gross proceeds $85.2M.
- Closed registered direct offering: 12,333,333 shares and Class C warrants for 12,333,333 shares; gross proceeds $37.0M.
- Cash balance after closings approximately $122.8M as of June 30, 2025.
- Warrant exercise proceeds (if any) not included in the gross proceeds reported.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465925064780/0001104659-25-064780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465925064780/tm2519311d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-064780

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