4//SEC Filing
Karkar Andrei 4
Accession 0001104659-23-093471
CIK 0001798562other
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 4:03 PM ET
Size
10.3 KB
Accession
0001104659-23-093471
Insider Transaction Report
Form 4
Karkar Andrei
Director10% Owner
Transactions
- Award
Class A Warrants (right to buy)
2023-08-16+250,000→ 250,000 total(indirect: By LLC)Exercise: $3.00From: 2023-08-16Exp: 2027-12-31→ Common Shares (250,000 underlying) - Award
Common Shares
2023-08-16$2.00/sh+500,000$1,000,000→ 56,453,495 total(indirect: By LLC)
Holdings
- 76,059
Common Shares
ERAS Capital LLC
10% Owner
Transactions
- Award
Common Shares
2023-08-16$2.00/sh+500,000$1,000,000→ 56,453,495 total(indirect: By LLC) - Award
Class A Warrants (right to buy)
2023-08-16+250,000→ 250,000 total(indirect: By LLC)Exercise: $3.00From: 2023-08-16Exp: 2027-12-31→ Common Shares (250,000 underlying)
Holdings
- 76,059
Common Shares
Footnotes (2)
- [F1]Each common share was purchased together with an accompanying Class A warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant. The Reporting Person has also agreed to purchase an additional 4,500,000 common shares and 2,250,000 Class A warrants in two closings on or before January 31, 2024.
- [F2]The securities are held directly by ERAS Capital LLC ("ERAS"). Andrei Karkar is the managing member of ERAS and shares voting and dispositive power over and may be deemed to beneficially own such securities held by ERAS. Andrei Karkar disclaims beneficial ownership over any securities owned by ERAS other than to the extent of any pecuniary interest he may have therein.
Documents
Issuer
TMC the metals Co Inc.
CIK 0001798562
Entity typeother
Related Parties
1- filerCIK 0001874431
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 4:03 PM ET
- Size
- 10.3 KB