Toughbuilt Industries, INC

Toughbuilt Industries, Inc. converted over $1.3 million in executive compensation and bonuses into nearly 180 million shares of common stock.

Toughbuilt Industries, Inc. announced that two officers converted accrued compensation totaling $133,333.34 into 15,151,516 shares of common stock.

Chris Homeister, an independent director of ToughBuilt Industries, resigned effective December 31, 2024.

ToughBuilt Industries has created and issued 100 shares of Series I Preferred Stock, granting the holders 51% of the total voting power.

ToughBuilt Industries has withdrawn its appeal to Nasdaq, leading to the suspension of its stock trading on the exchange effective August 9, 2024.

ToughBuilt Industries has appointed Monica Pitterle, a seasoned financial expert, to its Board of Directors and as Chair of the Audit Committee, effective immediately.

ToughBuilt Industries reports a net loss of $46.4 million for 2023, a 19.9% decrease in revenue, and faces delisting from Nasdaq due to non-compliance with filing requirements.

Director Rochel Soffer reports multiple purchases and sales of Toughbuilt Industries (TBLT) common stock between July 25 and August 1, 2024, resulting in a net increase in beneficial ownership.

ToughBuilt Industries, Inc. is offering up to $5 million in a mix of common stock, prefunded warrants, and Series F warrants, aiming to raise capital for working capital and general corporate purposes amid ongoing financial challenges.

ToughBuilt Industries is offering up to 776,398 shares of common stock along with warrants to raise capital for working capital purposes.

ToughBuilt Industries seeks to raise capital through an offering of common stock and warrants, aiming to bolster working capital.