TMC the metals company Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. January 7, 2025 Deadline to file Lead Plaintiff Motion.

Core Viewpoint - TMC the metals company Inc. is facing a class action lawsuit due to the need to restate its financial statements for the first three quarters of 2023, which has resulted in significant losses for investors [1][3][4]. Financial Restatement - On March 25, 2024, TMC announced that its financial statements for the first three quarters of 2023 were no longer reliable and would need to be restated [3]. - The restatement was prompted by issues related to TMC's partnership with Low Carbon Royalties Inc., specifically regarding the classification of proceeds as debt or deferred income [3]. Stock Price Impact - Following the announcement of the financial restatement, TMC's stock price fell by $0.205, or 13.2%, closing at $1.345 per share on March 26, 2024 [4]. - This decline in stock price has led to financial losses for investors who purchased securities during the class period from May 12, 2023, to March 25, 2024 [1][4]. Legal Actions - Investors are encouraged to contact the Portnoy Law Firm to discuss their legal rights and options for pursuing claims to recover losses incurred due to the company's actions [2][5]. - The deadline for TMC investors to file a lead plaintiff motion is January 7, 2025 [1].