“Empowering TMC Investors: Taking Charge of Securities Fraud Lawsuit Against TMC the Metals Company Inc.”

LOS ANGELES, Dec. 20, 2024 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) is alerting investors about the potential to lead a class action lawsuit against TMC the metals company Inc. (“TMC” or the “Company”) TMC, following significant financial losses.

Class Period: May 12, 2023 – March 25, 2024
Lead Plaintiff Deadline: January 7, 2025

Investors interested in becoming lead plaintiffs in the TMC lawsuit can submit their information at www.glancylaw.com/cases/TMC-the-metals-company-Inc-1/. Additionally, they may reach out to Charles H. Linehan at GPM by calling 310-201-9150 or Toll-Free at 888-773-9224, or via email at [email protected] for more details regarding their rights.

The lawsuit claims that during the Class Period, TMC failed to inform investors about crucial financial issues. These include: (1) inadequacies in TMC’s internal controls related to financial reporting; (2) misclassification of future revenue from the LCR Partnership, listing it as deferred income instead of debt; (3) the necessity for TMC to restate its previously issued financial statements once these misclassifications became known; and (4) the misleading nature of the defendants’ positive statements concerning the Company’s business performance and future prospects.

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To participate in the class action, no immediate action is required. Investors can choose to retain counsel or remain passive members of the class without any further steps. For additional information or questions about the class action, interested parties can contact Charles Linehan, Esquire, at GPM, located at 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected]. When reaching out via email, please include your mailing address, phone number, and the number of shares purchased.

This press release may be viewed as Attorney Advertising in specific jurisdictions as per relevant laws and ethical guidelines.

Contacts
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

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SOURCE Glancy Prongay & Murray LLP