ERAS Capital, LLC just took an 18.7% stake in TMC. wow
ERAS Holdings
ERAS Holdings is the Karkar Family Office with its origins in Karkar Electronics founded in 1959 by Edward Karkar. ERAS Holdings engages in a broad range of investment activities and has the flexibility to invest in a wide variety of asset classes.
ERAS Capital
ERAS Capital is the direct investment arm of ERAS Holdings which deploys the private capital of the Karkar Family across industries in Venture Capital and Private Equity.
Item 1. Security and Issuer
Common stock of TMC “the metals company”
595 Howe Street, 10th floor
Vancouver, British Columbia, Canada V6C 2T5
Item 2. Identity and Background
(a) ERAS Capital, LLC
(b) A Delaware company, with business address at:
323 Marina Blvd.
San Francisco, CA 94123
(c) Holding company
(d) No
(e) No
(f) USA
Item 3. Source and Amount of Funds or Other Considerations
Own funds
Item 4. Purpose of Transaction
General opportunistic investment by Eras Capital LLC on TMC stock.
Item 5. Interest in Securities of the Issuer
(a) 41,872,019 common shares (18.7% of total)
(b) 41,872,019 common shares (18.7% of total)
(c) On 9/30/21, purchased 772,210 shares of TMC at $4.32/share;
Also on 9/30/21, purchased 1,477,900 shares of TMC at $4.43/share
(d) not aplicable
(e) not aplicable
Page 3
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
None
Item 7. Material to Be Filed as Exhibits
None
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
10/4/2021
Dated
/s/ Andrei Karkar
Signature
Andrei Karkar/CEO
Name/Title
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).
AI
