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Filing Details

Accession Number:: 0001104659-23-091965
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-15 16:16:30
Reporting Period:: 2023-07-24

Accepted Time:: 2023-08-15 16:16:30
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1798562	Tmc The Metals Co Inc.	TMC	Metal Mining (1000)	000000000

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1884066	S.a. Group Allseas	18 Route De Pra De Plan Case Postale 411 Chatel-Saint-Denis V8 1618	No	No	Yes	No
1956334	S.a. Investments Allseas	18 Route De Pra De Plan Case Postale 411 Chatel-Saint-Denis V8 1618	No	No	Yes	No
1956371	Edward Heerema	C/O Allseas Group S.a.18 Route De Pra De Plan, Case Postale 411 Chatel-Saint-Denis V8 1618	No	No	Yes	No
1956509	Foundation Lance Aequa Administratiekantoor Stichting	C/O Allseas Group S.a.18 Route De Pra De Plan, Case Postale 411 Chatel-Saint-Denis V8 1618	No	No	Yes	No
1956510	Gcv Virtuti Cedit Argentum	Wiegstraat 21 Antwerpen C9 2000	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Shares	Acquisiton	2023-07-24	11,578,620	$0.01	45,130,268	No	4	X	Direct
Common Shares	Acquisiton	2023-08-01	4,150,000	$0.00	49,280,268	No	4	P	Direct
Common Shares	Acquisiton	2023-08-14	3,500,000	$0.00	52,780,268	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	X	Direct
No	4	P	Direct
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Allseas Warrant (right to buy)	Disposition	2023-07-24	11,578,620	$0.00	11,578,620	$0.01
Common Shares	Class A Warrants (right to buy)	Acquisiton	2023-08-14	3,500,000	$0.00	1,750,000	$3.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2022-11-11	2026-09-30	No	4	X	Direct
3,500,000	2023-08-14	2027-12-31	No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	1,000,000	Direct

Footnotes

These securities are owned by Allseas Group S.A. ("Allseas"). Mr. Edward Heerema, the Administrateur President of Allseas, has sole authority over Allseas. Mr. Heerema, Allseas Investments S.A., ("Allseas Investments"), the majority parent of Allseas, Argentum Cedit Virtuti GCV ("ACV"), the parent of Allseas Investments, and Stichting Administratiekantoor Aequa Lance Foundation, the parent of ACV, may be deemed to have beneficial ownership of the shares owned by Allseas. Each of Mr. Heerema, Allseas Investments, ACV and Stichting Administratiekantoor Aequa Lance Foundation disclaims beneficial ownership over any securities directly held by Allseas, except to the extent of his or its respective pecuniary interest therein.
The issuer and Allseas entered into an Exclusive Vessel Use Agreement pursuant to which Allseas allocates the vessel Hidden Gem exclusively in support of the development of the Project Zero Offshore System until the system is completed on December 31, 2026, whichever is earlier. In consideration of the exclusivity term, the issuer will issue to Allseas these securities.
On August 14, 2023, Allseas acquired 3,500,000 shares of TMC Common Shares and accompanying Class A Warrants to purchase 1,750,000 shares of TMC Common Shares for a total purchase price of $7 million.
These securities are owned by ACV. Mr. Heerema may be deemed to have voting and investment power over the shares owned by ACV. Mr. Heerema disclaims beneficial ownership over any securities directly held by ACV, except to the extent of his pecuniary interest therein.