Allseas Group S.A. buys 2,333,333 shares of TMC; increases stake to 55,113,601 shares (+4.4%)
Allseas Group S.A., a 10% owner, purchased 2,333,333 shares on 2025-05-22, increasing total holdings to 55,113,601 shares (a +4.4% addition). The stock has risen 53.8% over the past 30 days and 152.2% over 90 days, reaching the 52-week high of $4.69. However, this transaction occurs within a pattern of poor timing: Allseas's two prior purchases at TMC (in August 2023) each posted negative 90-day returns (-14.9% and -20.4%), and across all open-market trades in the insider's history, the 90-day win rate stands at 0.00% with an average 90-day return of -38.7%. TMC remains unprofitable with negative full-year net income of $-20,588,000.00, despite a recent revenue base of $410,000.00. The purchase follows sharp recent gains but sits atop a fundamentally challenged profile and a documented track record of poorly-timed acquisitions.