SCHEDULE: TMC Metals Co. Investor Corrects Ownership Stake
Beneficial Ownership Amendment
An amendment to a Schedule 13G filing by William George Brumder II corrects his beneficial ownership in TMC the metals Co Inc. to 5.2%.
Summary
- William George Brumder II filed an Amendment No. 1 to Schedule 13G for TMC the metals Co Inc. to correct an inadvertent misstatement in the original filing.
- The amendment clarifies that Brumder beneficially owns 21,067,781 Common Shares, representing 5.2% of the company's outstanding shares.
- This beneficial ownership includes 1,075,000 Common Shares underlying exchange-traded warrants and 2,492,200 Common Shares underlying call options exercisable within 60 days.
- The warrants are exercisable at $11.50 per Common Share and expire on September 9, 2026.
- The percentage of class is based on 407,467,921 Common Shares outstanding, which includes 406,392,921 shares as of August 13, 2025, plus the 1,075,000 shares underlying Brumder's warrants.
Sentiment
Score: 5
Explanation: The filing is a neutral, factual correction of a previous disclosure. It does not inherently present positive or negative news about the company's operations or financial health, but rather clarifies a shareholder's stake.
Positives
- The filing provides clarity and accuracy regarding a significant shareholder's beneficial ownership, correcting a previous error.
Negatives
- The original Schedule 13G contained an inadvertent misstatement regarding the number of shares underlying warrants, requiring a correction.
Risks
- No specific risks related to the company's operations or financial health are mentioned in this beneficial ownership disclosure.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or operations.
Industry Context
This filing is a standard disclosure of beneficial ownership by an individual investor and does not provide insights into broader industry trends or competitive landscape for the metals industry.
Stakeholder Impact
- Shareholders: Provides accurate information regarding a significant individual shareholder's stake, which can influence perceptions of ownership concentration.
Key Dates
| Date | Description |
|---|---|
| 2021-09-09 | Consummation of the combination between TMC the metals Co Inc. and DeepGreen Metals Inc., after which warrants became exercisable 30 days later. |
| 2025-08-13 | Date as of which 406,392,921 Common Shares were outstanding, as disclosed in the Issuer's Quarterly Report on Form 10-Q. |
| 2025-09-16 | Date of event which required the filing of this statement. |
| 2025-09-24 | Date the original Schedule 13G was filed, which contained the misstated number of shares. |
| 2025-09-25 | Date of signature for this Amendment No. 1 to Schedule 13G. |
| 2026-09-09 | Expiration date of the exchange-traded warrants at 5:00 p.m. EST. |
Recommendation
holdThis filing is a routine amendment to correct a beneficial ownership disclosure and does not contain information that would fundamentally alter the investment thesis for TMC the metals Co Inc. It provides clarity on an existing shareholder's position but offers no new operational or financial data to warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as it maintains the current stance based on existing company fundamentals.
Keywords
TMC the metals Co Inc., William George Brumder II, Schedule 13G/A, Beneficial Ownership, Common Shares, Warrants, Call Options, SEC Filing, Shareholder
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