ToughBuilt Industries announces $5M direct offering
ToughBuilt Industries (TBLT -9.2%) enters into a securities purchase agreement with certain institutional investors for the issuance and sale of 2,500 shares of Series F convertible preferred stock and 2,500 shares of Series G convertible preferred stock in a registered direct offering. Offering is expected to occur on or about February 16, 2022. Net proceeds from the offering for working capital purposes.
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