TMC Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Against TMC the metals company Inc.

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 misclassification [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 who wish to serve as lead plaintiffs in the class action must submit their applications by January 7, 2025 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Group 4: About Robbins LLP - Robbins LLP is a recognized leader in shareholder rights litigation, having recovered over $1 billion for shareholders since its inception in 2002 [6].