16 Aug 2022director interest notice● Neutral
Karkar Andrei became a TMC the metals Co Inc. director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Aug 2022capital raising announcement● NeutralMajor
TMC agreed to sell 37,978,680 new common shares in a private placement on 2022-08-12, mostly at $0.80 per share, for about $30.4 million gross (about $30 million net). Buyers included CEO Gerard Barron (103,680 shares at $0.9645) and director Andrei Karkar's family fund ERAS Capital (6,250,000 shares at $0.80). Proceeds are for working capital and general corporate purposes; the extra shares dilute existing holders.
What it means for a shareholder
103,680 new shares at US$0.9645 to raise about US$99,999. That's 0.0457% dilution: every existing holder's slice gets 0.0457% smaller. If you held US$1,000 of shares (1,037 at the issue price), your slice goes from 0.000457% to 0.000457% of the company. To keep it you'd need 0 more shares - about US$0 at the issue price.
Create a free account to see this worked out for your own holding.
15 Aug 2022securities registration● Neutral
TMC the metals Co Inc. filed the final prospectus for a registered offering.
15 Aug 2022quarterly activities report▼ Bad
TMC the metals Co Inc. reported a quarterly net loss of $27.9 million for the period ended 2022-09-30.
15 Aug 2022quarterly activities report▼ Bad
TMC the metals Co Inc. reported a quarterly net loss of $27.9 million for the period ended 2022-09-30.
15 Aug 2022securities registration● Neutral
TMC the metals Co Inc. filed the final prospectus for a registered offering.
18 July 2022director interest notice● Neutral
TMC the metals Co Inc. director Karkar Andrei received 68,027 shares as part of the equity award.
18 July 2022director interest notice● Neutral
TMC the metals Co Inc. director Khama Sheila received 68,027 shares as part of the equity award.
18 July 2022director interest notice● Neutral
TMC the metals Co Inc. director Madsbjerg Christian received 68,027 shares as part of the equity award.
18 July 2022director interest notice● Neutral
TMC the metals Co Inc. director Mcallister Kathleen S received 68,027 shares as part of the equity award.
18 July 2022director interest notice● Neutral
TMC the metals Co Inc. director Siamomua Amelia Kinahoi received 68,027 shares as part of the equity award.
18 July 2022director interest notice● Neutral
TMC the metals Co Inc. director Hall Andrew received 68,027 shares as part of the equity award.
13 July 2022securities registration● Neutral
TMC the metals Co Inc. filed the final prospectus for a registered offering.
6 July 2022substantial holder notice● Neutral
Gerard Barron reported a TMC the metals Co Inc. shareholding of 18,702,997 shares (8.24% of votes) in a periodic institutional filing.
1 July 2022securities registration● Neutral
TMC the metals Co Inc. amended an already-effective registration statement.
29 June 2022director interest notice● Neutral
TMC the metals Co Inc. Chief Executive Officer Barron Gerard bought 25,000 shares on the open market at $1.01.
31 May 2022securities registration● Neutral
TMC the metals Co Inc. amended an already-effective registration statement.
9 May 2022quarterly activities report▼ Bad
TMC the metals Co Inc. reported a quarterly net loss of $12.4 million for the period ended 2022-06-30.
9 May 2022quarterly activities report▼ Bad
TMC the metals Co Inc. reported a quarterly net loss of $12.4 million for the period ended 2022-06-30.
14 Apr 2022securities registration● Neutral
TMC the metals Co Inc. amended an already-effective registration statement.
14 Apr 2022agm notice● Neutral
TMC the metals Co Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
5 Apr 2022substantial holder notice● Neutral
Gerard Barron reported a TMC the metals Co Inc. shareholding of 18,677,997 shares (8.24% of votes) in a periodic institutional filing.
1 Apr 2022substantial holder notice● Neutral
Andrei Karkar reported a TMC the metals Co Inc. shareholding of 47,771,337 shares (20.90% of votes) in a periodic institutional filing.
1 Apr 2022director interest notice● Neutral
TMC the metals Co Inc. director Karkar Andrei bought 2,085,000 shares on the open market.
31 Mar 2022director interest notice● Neutral
TMC the metals Co Inc. Chief Executive Officer Barron Gerard bought 23,000 shares on the open market at $2.19.
31 Mar 2022director interest notice● Neutral
TMC the metals Co Inc. director Hall Andrew bought 28,000 shares on the open market at $2.13.
30 Mar 2022director interest notice● Neutral
TMC the metals Co Inc. Chief Financial Officer Shesky Craig bought 15,000 shares on the open market at $1.80.
29 Mar 2022quarterly activities report▼ Bad
TMC the metals Co Inc. reported a quarterly net loss of $21.1 million for the period ended 2022-03-31.
17 Mar 2022securities registration● Neutral
TMC the metals Co Inc. filed the final prospectus for a registered offering.
17 Mar 2022material agreement● Neutral
TMC signed a non-binding memorandum of understanding with India's Epsilon Carbon to study building a plant to process the company's seafloor nodules -- an early step toward a potential Indian processing partnership.