Toughbuilt industries announces closing of $4.5 million public offering

Irvine, calif., june 23, 2023 (globe newswire) -- toughbuilt industries, inc. (“toughbuilt” or the “company”) (nasdaq: tblt; tbltw), today announced the closing of its previously announced public offering of 10,975,611 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 10,975,611 shares of its common stock at an offering price to the public of $0.41 per share (or pre-funded warrant) and associated warrant. the warrants have an exercise price of $0.29 per share, are exercisable upon issuance, and will expire five years following the date of issuance.
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