24/7 Market News – (NASDAQ:TBLT) Tough Built shares are moving higher in premarket trading this morning.
Up more than 45% to $2.52 on increasing volume. Shares moved up after the announcement of a completed offering.
ToughBuilt Industries Announces Closing of $6 Million Public Offering
LAKE FOREST, Calif., June 22, 2022 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ:TBLT; TBLTW), today announced the closing of its previously announced public offering of 3,157,895 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 3,157,895 shares of its common stock at an offering price to the public of $1.90 per share (or pre-funded warrant) and associated warrant. The warrants will have an exercise price of $1.90 per share, are exercisable upon issuance, and will expire five years following the date of issuance.