Toughbuilt Industries, INC 8-K filings

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ToughBuilt Industries has withdrawn its appeal to Nasdaq, leading to the suspension of its stock trading on the exchange effective August 9, 2024.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

Linda Moossaian has resigned from the ToughBuilt Industries Board of Directors and its committees, effective immediately, citing no disagreements with the company's operations or management.

ToughBuilt Industries is facing potential delisting from the Nasdaq due to non-compliance with board independence rules and the late filing of financial reports.

Toughbuilt Industries has reached a settlement agreement with Concord Property Development to resolve a dispute over unpaid rent, agreeing to pay $666,388.20 in scheduled installments.

ToughBuilt Industries has reached a settlement agreement with PCS Properties 2, LLC, resolving a lease dispute and avoiding potential liabilities of over $2.4 million.

ToughBuilt Industries has received a second notice from Nasdaq regarding its failure to file required financial reports, putting its listing status at risk.

Toughbuilt Industries has received a notice from Nasdaq for failing to file its 2023 annual report on time, putting the company at risk of delisting.

ToughBuilt Industries successfully closed a $3.5 million public offering and amended existing warrants, aiming to bolster working capital.

ToughBuilt Industries filed a Certificate of Correction to clarify that the authorized number and par value of its common stock were not affected by a previously announced reverse stock split.

ToughBuilt Industries has successfully regained compliance with Nasdaq's minimum bid price rule after a reverse stock split, avoiding potential delisting.