TMC the Metals Co. Inc. Files 10-K/A Amendment for Fiscal Year Ended Dec 31, 2023

TL;DR

<b>TMC the Metals Company Inc. has filed an amendment to its annual report for the fiscal year ending December 31, 2023, detailing its financial and operational status.</b>

AI Summary

TMC the metals Co Inc. (TMCWW) filed a Amended Annual Report (10-K/A) with the SEC on April 18, 2024. TMC the Metals Company Inc. filed an amended 10-K report for the fiscal year ending December 31, 2023. The company's common shares are traded on The Nasdaq Stock Market LLC under the symbol TMC. Redeemable warrants, exercisable for one common share at $11.50, are also traded on Nasdaq under the symbol TMCWW. The filing indicates the company is incorporated in British Columbia, Canada. The principal executive offices are located at 595 Howe Street, 10th Floor, Vancouver, British Columbia.

Why It Matters

For investors and stakeholders tracking TMC the metals Co Inc., this filing contains several important signals. This amended filing provides updated information crucial for investors to assess the company's current financial health and strategic direction. The inclusion of details on common shares and warrants traded on Nasdaq is important for market participants tracking the company's securities.

Risk Assessment

Risk Level: low — TMC the metals Co Inc. shows low risk based on this filing. The filing is an amendment to a 10-K, suggesting potential corrections or additions to previously reported information, but does not indicate new material adverse events.

Analyst Insight

Investors should review the specific amendments in the 10-K/A filing to understand any changes from the original 10-K report.

Key Numbers

• 2023-12-31 — Fiscal Year End (Fiscal year ended December 31, 2023)
• 10-K/A — Filing Type (Amendment No. 1 to Annual Report)
• 001-39281 — Commission File Number (SEC file number for the registrant)
• TMC — Common Shares Trading Symbol (Trading symbol on Nasdaq)
• TMCWW — Warrants Trading Symbol (Trading symbol on Nasdaq)
• $11.50 — Warrant Exercise Price (Price per share for warrant exercise)

Key Players & Entities

• TMC the Metals Co Inc. (company) — Filer name
• December 31, 2023 (date) — Fiscal year end
• Nasdaq Stock Market LLC (company) — Exchange where securities are registered
• TMC (company) — Trading symbol for common shares
• TMCWW (company) — Trading symbol for redeemable warrants
• $11.50 (dollar_amount) — Exercise price for warrants
• British Columbia (company) — Jurisdiction of incorporation and location of principal executive offices
• 595 Howe Street, 10th Floor Vancouver (company) — Address of principal executive offices

FAQ

Industry Context

TMC the Metals Company Inc. operates in the metal mining industry, focusing on the extraction and processing of metals.

Regulatory Implications

The company is subject to SEC regulations for public reporting, including the filing of annual reports (10-K) and amendments (10-K/A).

What Investors Should Do

1. Review the specific amendments made in the 10-K/A filing.
2. Analyze the company's financial performance and operational status as detailed in the report.
3. Monitor the trading activity of TMC common shares and TMCWW warrants on Nasdaq.

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating updates or corrections to the original 10-K filing for the fiscal year ended December 31, 2023.

Key Financial Figures

• $11.50 — mon Share, each at an exercise price of $11.50 per share TMCWW The Nasdaq Stock Mark

Filing Documents

• tm241118d2_10ka.htm (10-K/A) — 52KB
• tm241118d2_ex10-16.htm (EX-10.16) — 189KB
• tm241118d2_ex23-1.htm (EX-23.1) — 3KB
• tm241118d2_ex31-1.htm (EX-31.1) — 3KB
• tm241118d2_ex31-2.htm (EX-31.2) — 3KB
• 0001104659-24-048641.txt (&nbsp;) — 553KB
• tmc-20231231.xsd (EX-101.SCH) — 4KB
• tmc-20231231_def.xml (EX-101.DEF) — 28KB
• tmc-20231231_lab.xml (EX-101.LAB) — 40KB
• tmc-20231231_pre.xml (EX-101.PRE) — 27KB
• tm241118d2_10ka_htm.xml (XML) — 9KB

EXHIBITS AND FINANCIAL

Item 15. EXHIBITS AND FINANCIAL (3) Exhibits. Exhibit Number Exhibit Description Filed with this Report Incorporated by Reference herein from Form or Schedule Filing Date SEC File/Reg. Number 10.16+ Amended and Restated Executive Employment Agreement, dated November 11, 2022 by and between DeepGreen Metals UAE and Erika Ilves X 23.1 Consent of Ernst & Young LLP X 31.1 Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 X 31.2 Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 X 101.INS Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) 101.SCH Inline XBRL Taxonomy Extension Schema Document 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) + Management contract or compensatory plan or arrangement. 3

Signatures

Signatures Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized . TMC THE METALS COMPANY INC. Date: April 18, 2024 By: /s/ Gerard Barron Gerard Barron Chief Executive Officer 4

View Full Filing

View this 10-K/A filing on SEC EDGAR