−Removed: Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
Unregistered Sales of Equity Securities
−Removed: On August 9, 2023, we issued 11,578,620 common shares to Allseas in connection with Allseas’ exercise of the Allseas Warrant for an aggregate cash exercise price of $115.8 thousand.
−Removed: On August 1, 2023, issued 4.15 million common shares to Allseas in connection with the signing of an Exclusive Vessel Use Agreement with Allseas, giving TMC exclusive use of the Hidden Gem for a specified period of time.
−Removed: These common shares were issued pursuant to and in accordance with the exemption from registration under Section 4(a)(2) of the Securities Act.
+Added: On January 31, 2024, we issued 4,500,000 common shares and 2,250,000 Class A Warrants to ERAS Capital LLC, the family fund of our director, Andrei Karkar, after receiving the remaining committed funding from the Registered Direct Offering of $9 million.
+Added: The common share and accompanying Class A Warrant to purchase 0.5 of a common share were sold at a price of $2.00.
+Added: The exercise price of the Class A Warrants is $3.00, subject to adjustment as provided in the warrant agreement.
Issuer Purchases of Equity Securities
−Removed: We did not repurchase any of our equity securities during the three and nine months ended September 30, 2023.
+Added: We did not repurchase any of our equity securities during the three months ended March 31, 2024.
DEFAULTS UPON SENIOR SECURITIES.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.