Past year: ▼ 50%(3.52 – 7.07 USD)
Each one in plain English, with the numbers worked through for a shareholder.
1 July 2025capital raising announcement▲ GoodMajor
TMC confirmed that the Korea Zinc private placement closed on 2025-06-25 (19,623,376 shares plus the warrant, about $85.2 million gross) and that the May 2025 registered direct offering also closed (12,333,333 shares and Class C warrants, about $37.0 million gross). Cash stood at about $122.8 million as of June 30, 2025, completing the financings announced earlier.
16 June 2025capital raising announcement▲ GoodMajor
On 2025-06-16 TMC agreed to sell 19,623,376 shares at $4.34 each, plus a three-year warrant for 6,868,181 shares at $7.00, to Korea Zinc for about $85.2 million gross. Korea Zinc gets a right to take part in future share offerings and a non-voting board observer, and is evaluating a bulk nodule sample from TMC USA, with interest in exploring US processing collaboration. This is much larger than the $37M May 2025 raise and adds a strategic partner; new shares and the warrant dilute existing holders.
What it means for a shareholder
19.6m new shares at US$4.34 to raise about US$85.2m. That's 5.3% dilution: every existing holder's slice gets 5.3% smaller. If you held US$1,000 of shares (230 at the issue price), your slice goes from 0.0000662% to 0.0000627% of the company. To keep it you'd need 13 more shares - about US$56 at the issue price.
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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.
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8 May 2020capital raising announcement● NeutralMajor
The company, then still the SPAC Sustainable Opportunities Acquisition Corp. (SOAC), closed its IPO of 30,000,000 units at $10.00 each, raising $300 million gross, with the sponsor buying 9,500,000 private warrants for $9.5 million. The money goes into a trust account to fund a future business combination; the filing says the SPAC must liquidate if no deal is completed within 18 months. This is the starting point of the company that later became TMC through the 2021 DeepGreen merger.
