Metals Royalty Co Inc. (TMCR) Form 424B3 — Oct 23, 2026
The Metals Royalty Company filed a 424B3 prospectus registering the resale by Yorkville (YA II PN, Ltd.) of up to 23,567,119 Common Shares that may be issued under the $100 million standby equity purchase agreement dated July 18, 2025.
Key figures
- Debt Amount
- $140,035,000 convertible notes plus $25.0 million Term Loan
- Interest Rate
- 8.00% on Notes; Adjusted Term SOFR + 4.00% on Term Loan
- Maturity Date
- Notes due 2031; Term Loan matures August 2028
- Gross Proceeds
- 100000000
- Offering Price
- $2.18 (last reported sale price on Nasdaq, October 21, 2026)
- Shares Offered
- 23567119
- Shares Outstanding
- 67414022
- Commitment fee
- 1% of Commitment Amount satisfied via 77,889 Commitment Shares
- Structuring fee
- $25,000
- Term loan principal
- $25.0 million
- Commitment period end
- April 8, 2029
- Sepa pricing option 1
- 96% of Market Price (VWAP)
- Sepa pricing option 2
- 97% of Market Price (lowest daily VWAP)
- Notes conversion price
- $8.66 per share
- Beneficial ownership cap
- 4.99%
AI analysis
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