ToughBuilt Industries Enhances Capital with Multi-Form Offering

ToughBuilt Industries (TBLT) has released an update.

ToughBuilt Industries, Inc. successfully completed a public offering on February 16, 2024, raising approximately $3.1 million for corporate purposes, including working capital. The offering included common shares, prefunded warrants, and Series F Warrants at various offering prices, with the latter having an exercise price of $4.405 and subject to a 4.99% or 9.99% ownership limitation. The company adjusted the exercise prices of previously issued Series D and Common Warrants to align with the latest offering’s closing price, incentivizing investors with a lower exercise price. The placement agent, H.C. Wainwright & Co., LLC, received compensation and warrants for their role in the offering.

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