Item 2. Unregistered Sales of Equity Securities
ITEM 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
Unregistered Sales of Equity Securities
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.
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.
These common shares were issued pursuant to and in accordance with the exemption from registration under Section 4(a)(2) of the Securities Act.
Issuer Purchases of Equity Securities
We did not repurchase any of our equity securities during the three and nine months ended September 30, 2023.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
Not applicable.
ITEM 4. MINE SAFETY DISCLOSURES.
Not applicable.
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