TBLT

ToughBuilt Industries Announces Closing of $3.5 Million Public Offering

Retrieved on: 
Friday, February 16, 2024
Prospectus, TBLT, Sale, Exercise, Form, 3rd Floor, Security (finance)

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

Key Points: 
  • H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
  • The gross proceeds to the Company from the offering were approximately $3.5 million, before deducting the placement agent’s fees and other offering expenses payable by ToughBuilt.
  • The Company intends to use the net proceeds from this offering for general corporate purposes, including working capital.
  • The offering was made only by means of a prospectus, which is part of the effective registration statement.

ToughBuilt Industries Announces Pricing of $3.5 Million Public Offering

Retrieved on: 
Wednesday, February 14, 2024
Prospectus, TBLT, Sale, Exercise, Form, 3rd Floor, Security (finance)

The closing of the offering is expected to occur on or about February 16, 2024, subject to the satisfaction of customary closing conditions.

Key Points: 
  • The closing of the offering is expected to occur on or about February 16, 2024, subject to the satisfaction of customary closing conditions.
  • The gross proceeds to the Company from the offering are expected to be approximately $3.5 million, before deducting the placement agent’s fees and other offering expenses payable by ToughBuilt.
  • The Company intends to use the net proceeds from this offering for general corporate purposes, including working capital.
  • The offering will be made only by means of a prospectus, which is part of the effective registration statement.

ToughBuilt Industries Accelerates Growth with Expanded StackTech® Ecosystem, Targeting $6.8 Billion Market

Retrieved on: 
Wednesday, January 31, 2024
USD, TBLT, Stock, Social media, Region, Human, Mobile phone

ToughBuilt entered the Stacking Tool Storage and Toolbox market for the first-time beginning October 19, 2023, disrupting industry competitors and generating millions of online impressions.

Key Points: 
  • ToughBuilt entered the Stacking Tool Storage and Toolbox market for the first-time beginning October 19, 2023, disrupting industry competitors and generating millions of online impressions.
  • The Toolbox category is projected to expand at a CAGR of 8.3% from 2022 to 2032, with an expected market share of USD 6.8 Billion by 2032.
  • The line debuted in October through a leading US home improvement retailer, and ToughBuilt expanded the line this January in response to unprecedented demand for this category-defining system.
  • Tool Boxes Market by Material, Product Type, End User & Region - Forecast 2022 - 2032- Future Market Insights https://www.globenewswire.com/news-release/2022/07/20/2482850/0/en/Tool-...

ToughBuilt Industries Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023
TBLT, Quarter, Video game

IRVINE, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) --  ToughBuilt Industries, Inc. ("ToughBuilt" or “the Company”) (NASDAQ: TBLT; TBLTW), today reported the Company’s financial results for the fiscal quarter ended September 30, 2023. The Company will host its Q3 2023 earnings conference call today at 5:00 p.m. (ET).

Key Points: 
  • IRVINE, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or “the Company”) (NASDAQ: TBLT; TBLTW), today reported the Company’s financial results for the fiscal quarter ended September 30, 2023.
  • Financial Highlights for the Quarter Ended September 30, 2023, include:
    Revenues decreased by approximately 32% to $20.6 million for Q3 2023, compared to $30.2 million in Q3 2022.
  • Gross profit decreased to approximately 20.0% to $4.9 million in the third quarter of 2023, compared to $7.9 million in the third quarter of 2022.
  • Gross margin decreased to approximately 23.8% in the third quarter of 2023, compared to 26.1% in the third quarter of 2022.

Toughbuilt Industries to Report Third Quarter 2023 Financial Results on November 14, 2023

Retrieved on: 
Monday, November 13, 2023
TBLT

LAKE FOREST, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), today reports that it will hold an earnings call to discuss the Company’s 2023 first quarter financial and operating results on Tuesday, November 14, 2023 at 5:00pm ET.

Key Points: 
  • LAKE FOREST, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), today reports that it will hold an earnings call to discuss the Company’s 2023 first quarter financial and operating results on Tuesday, November 14, 2023 at 5:00pm ET.
  • Michael Panosian, Chief Executive Officer, and Martin Galstyan, Chief Financial Officer, will host the conference call to review the Company’s financial and operating results.
  • To attend the conference call, please dial one of the teleconference numbers below or follow the live audio webcast here .
  • Attendees are encouraged to dial in to the conference call at least five minutes prior to the start time.

ToughBuilt Industries Launched Innovative StackTech™ Line: A Mobile Stacking Tool Organization Ecosystem

Retrieved on: 
Tuesday, October 24, 2023
Pros, USD, TBLT, Social media, Video game, Toolbox

ToughBuilt entered the Stacking Tool Storage and Toolbox market for the first-time beginning October 19th, 2023, with an initial roll out of more than 25 SKUs.

Key Points: 
  • ToughBuilt entered the Stacking Tool Storage and Toolbox market for the first-time beginning October 19th, 2023, with an initial roll out of more than 25 SKUs.
  • StackTech™ is the world’s first auto-locking stacking tool storage solution with 14 unique features.
  • IRVINE, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt” or the Company”) (NASDAQ: TBLT; TBLTW), announced today that the Company has released its revolutionary StackTech™ mobile stacking toolbox system.
  • ToughBuilt's launch into the stacking Toolbox category has swept social media with an early preview of the product line, garnering more than 19 million impressions in just two weeks.

ToughBuilt Industries Announces Distribution of Series H Preferred Stock to Holders of its Common Stock

Retrieved on: 
Thursday, September 21, 2023
8-K, TBLT, Nevada Revised Statutes, Securities and Exchange Commission (Nigeria), Security (finance), Proxy, Series

Subject to certain limitations, each outstanding share of Series H Preferred Stock will have 1,000,000 votes per share (or 1,000 votes per one one-thousandth (0.001) of a share of Series H Preferred Stock).

Key Points: 
  • Subject to certain limitations, each outstanding share of Series H Preferred Stock will have 1,000,000 votes per share (or 1,000 votes per one one-thousandth (0.001) of a share of Series H Preferred Stock).
  • The Series H Preferred Stock will be uncertificated, and no shares of Series H Preferred Stock will be transferable by any holder thereof except in connection with a transfer by such holder of any shares of the Company’s common stock held by such holder.
  • In that case, a number of one one-thousandths of a share of Series H Preferred Stock equal to the number of shares of ToughBuilt’s common stock to be transferred by such holder would be transferred to the transferee of such shares of common stock.
  • Further details regarding the Series H Preferred Stock will be contained in a report on Form 8-K to be filed by ToughBuilt with the Securities and Exchange Commission.

Toughbuilt Industries Announces Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 22, 2023
TBLT, Sale, Amazon (company), European, United Kingdom, Haltemprice and Howden (UK Parliament constituency), Video game

IRVINE, Calif., Aug. 22, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or “the Company”) (NASDAQ: TBLT; TBLTW), reported today their financial results for the fiscal quarter ended June 30, 2023. The Company will host its Q2 2023 earnings conference call today at 5:00 p.m. (ET).

Key Points: 
  • IRVINE, Calif., Aug. 22, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or “the Company”) (NASDAQ: TBLT; TBLTW), reported today their financial results for the fiscal quarter ended June 30, 2023.
  • Gross profit increased 18.0% to $5.8 million in the second quarter of 2023, compared to $4.9 million in the second quarter of 2022.
  • Gross margin increased to approximately 31% in the second quarter of 2023, compared to 28% in the second quarter of 2022.
  • Operating expenses were approximately $14.9 million in the second quarter of 2023, compared to approximately $14.5 million in the second quarter of 2022.

ToughBuilt Industries to Report Second Quarter 2023 Financial Results on August 22, 2023

Retrieved on: 
Thursday, August 17, 2023
TBLT

LAKE FOREST, Calif., Aug. 17, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), today reports that it will hold an earnings call to discuss the Company’s 2023 Second quarter financial and operating results on Tuesday August 22, 2023 at 5:00pm ET.

Key Points: 
  • LAKE FOREST, Calif., Aug. 17, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), today reports that it will hold an earnings call to discuss the Company’s 2023 Second quarter financial and operating results on Tuesday August 22, 2023 at 5:00pm ET.
  • Michael Panosian, Chief Executive Officer, and Martin Galstyan, Chief Financial Officer, will host the conference call to review the Company’s financial and operating results.
  • To attend the conference call, please dial one of the teleconference numbers below or follow the audio webcast here.
  • Attendees are encouraged to dial in to the conference call at least five minutes prior to the start time.

ToughBuilt Industries Expands European Distribution in France and Spain

Retrieved on: 
Tuesday, August 8, 2023
Descours, TBLT, European, Video game

ToughBuilt Products will be sold through French Retailer, La Platforme Du Batiment and Prolians in France and Spain.

Key Points: 
  • ToughBuilt Products will be sold through French Retailer, La Platforme Du Batiment and Prolians in France and Spain.
  • Expanded distribution will provide access to ToughBuilt products to a potential 600,000+ customers, across both retail groups.
  • IRVINE, Calif., Aug. 08, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt” or the “Company") (NASDAQ: TBLT; TBLTW) has announced today, the Company is expanding distribution in the European Union with two major retail groups, La Platforme Du Batiment and Prolians, servicing professional customers in France and Spain.
  • ToughBuilt’s expansion into the retailer will include representation in more than 290 storefronts across France and Spain.