Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In TMC To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $75,000 in TMC between May 12, 2023 and March 25, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Nov. 14, 2024 /PRNewswire/ -- Faruqi & ...

NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the third quarter ending September 30, 2024. Q3 2024 Financial Highlights Current liquidity available from our cash on hand and our credit facilities of approximately $63 million as of date of filingBorrowing capacity of our unsecured credit facilities increase ...

NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it has entered into a securities purchase agreement with certain new and existing institutional investors for the purchase of an aggregate of 17,500,000 common shares of the Company (the “Shares”), without par value (“Common Shares”), and accompanying Class B warrants (the “Class B Warrants” and col ...

NEW YORK, Nov. 14, 2024 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ: TMC) and certain of its officers.Class DefinitionThis lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired TMC securiti ...

NEW YORK, Nov. 13, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of TMC the metals company Inc. (NASDAQ: TMC) between May 12, 2023 and March 25, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 7, 2025.So what: If you purchased TMC securities during the Class Per ...

NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against TMC the metals company Inc. ("TMC" or the "Company") (NASDAQ: TMC) in the United States District Court for the Central District of California on behalf of all persons and entities who purchased or otherwise acquired TMC securities between May 12, 2023 and March 25, 2024, both dates inclusive (the “Class Period”). Investors ...

ATLANTA, Nov. 12, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against TMC the metals company Inc. (“TMC” or “the Company”) (NASDAQ: TMC). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and compliance policies, including allegations that: (i) TMC maintained deficient internal controls over financial reporting; (ii) as a result, the Company ...

LOS ANGELES, Nov. 12, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ: TMC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), ...

SAN DIEGO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired TMC the metals company Inc. (NASDAQ: TMC) securities between May 12, 2023 and March 25, 2024. TMC is a deep-sea minerals exploration company focused on the collection, processing, and refining of polymetallic nodules. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The All ...

Core Viewpoint - A class action lawsuit has been filed against TMC the metals company Inc. for failing to disclose deficiencies in its internal controls over financial reporting, leading to misclassification of financial statements [1][2]. Group 1: Allegations and Financial Misstatements - The lawsuit alleges that TMC did not disclose that it maintained deficient internal controls over financial reporting [2]. - TMC inaccurately classified the sale of future revenue from the LCR Partnership as deferred income instead of debt, which is a significant accounting error [2]. - On March 25, 2024, TMC announced that its financial statements for the first three quarters of 2023 should be restated, indicating that the previous classifications were incorrect [3]. Group 2: Impact on Stock Price - Following the disclosure of the need to restate financial statements, TMC's stock price fell by $0.205 per share, a decrease of 13.23%, closing at $1.345 per share on March 26, 2024 [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must submit their application to serve as lead plaintiff by January 7, 2025 [4]. - Shareholders can remain absent class members if they choose not to participate in the case [4]. Group 4: About Robbins LLP - Robbins LLP is a law firm specializing in shareholder rights litigation and has recovered over $1 billion for shareholders since its inception in 2002 [6].