Toughbuilt Industries (TBLT) Stock Fell 5.99%: Details

By Amit Chowdhry ● Nov 24, 2022
  • The stock price of Toughbuilt Industries (TBLT) fell by 5.99% in the most recent trading session. This is why.

The stock price of Toughbuilt Industries (TBLT) fell by 5.99% in the most recent trading session.

Why: Details revealed in a regulatory filing

Details: The regulatory filing showed a 13,397,017 share offering by selling stockholders:

(i) 982,466 Placement Shares issued to certain selling stockholders in a private transaction on November 17, 2022

(ii) 1,637,445 Placement Shares (Prefunded Warrant Shares) issuable upon exercise of the pre-funded warrants issued to certain selling stockholders in the Private Placement

(iii) 10,619,911 Placement Shares issuable upon exercise of the Series C preferred investment options issued to certain selling stockholders in the Private Placement; and

(iv) 157,195 Placement Shares issuable upon exercise of preferred investment options issued to H.C. Wainwright & Co., LLC, or its designees issued to certain selling stockholders in the Private Placement.