TMC the metals Co Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
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| | | Cautionary Note Regarding Forward-Looking Statements | | 3 |
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| Part I | | Financial Information | | 5 |
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| Item 1. | | Financial Statements | | 5 |
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| | | Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 (Unaudited) | | 5 |
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| | | Condensed Consolidated Statements of Loss and Comprehensive Loss for the three and six months ended June 30, 2024 and 2023 (Unaudited) | | 6 |
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| | | Condensed Consolidated Statements of Changes in Equity for the three and six months ended June 30, 2024 and 2023 (Unaudited) | | 7 |
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| | | Condensed Consolidated Statements of Cash Flows for the three and six months ended June 30, 2024 and 2023 (Unaudited) | | 9 |
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| | | Notes to Condensed Consolidated Financial Statements (Unaudited) | | 10 |
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| Item 2. | | Management’s Discussion and Analysis of Financial Condition and Results of Operations | | 23 |
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| Item 3. | | Quantitative and Qualitative Disclosures About Market Risk | | 36 |
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| Item 4. | | Controls and Procedures | | 36 |
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| Part II | | Other Information | | 38 |
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| Item 1. | | Legal Proceedings | | 38 |
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| Item 1A. | | Risk Factors | | 39 |
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| Item 2. | | Unregistered Sales of Equity Securities and Use of Proceeds | | 41 |
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| Item 3. | | Defaults Upon Senior Securities | | 41 |
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| Item 4. | | Mine Safety Disclosures | | 42 |
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| Item 5. | | Other Information | | 42 |
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| Item 6. | | Exhibits | | 43 |
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| Signatures | | | | 44 |
In this Quarterly Report on Form 10-Q, the terms “we,” “us,” “our,” the “Company” and “TMC” mean TMC the metals company Inc. and our subsidiaries. TMC is incorporated under the laws of the province of British Columbia, Canada. The Company’s common shares and public warrants to purchase common shares trade on the Nasdaq Global Select Market (“Nasdaq”), under the symbols “TMC” and “TMCWW,” respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.