ToughBuilt Industries, Inc. Announces Reverse Stock Split

December 26, 2023

IRVINE, Calif., Dec. 26, 2023 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (NASDAQ:TBLT) (“ToughBuilt” or the “Company”), today announced that it intends to effect a reverse stock split of its common stock at a ratio of 1 post-split share for every 65 pre-split shares. The reverse stock split will become effective at 4:30 p.m., New York time, on January 1, 2024. ToughBuilt’s common stock will continue to be traded on the Nasdaq Capital Market under the symbol “TBLT” and will begin trading on a split-adjusted basis when the market opens on January 2, 2024. The new CUSIP number for the common stock following the reverse stock split will be 89157G 86 8.

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