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]. Group 1: Class Action Details - The class action represents investors who purchased TMC securities between May 12, 2023, and March 25, 2024, with a deadline of January 7, 2025, for filing a lead plaintiff motion [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss their legal rights [2]. Group 2: Financial Statement Issues - On March 25, 2024, TMC announced that its financial statements for the first three quarters of 2023 were unreliable and would require restatement due to issues with its partnership with Low Carbon Royalties Inc. [3]. - The restatement is related to the categorization of proceeds from LCR as either debt or deferred income, with future revenue being reclassified as a royalty liability [3]. Group 3: Stock Price Impact - Following the announcement of the financial statement restatement, TMC's stock price fell by $0.205, or 13.2$1.345 per share on March 26, 2024, leading to investor losses [4].