ToughBuilt Industries Announces Separate Trading of its Common Stock and Series A Warrants Commencing December 3, 2018
November 28 2018 - 9:00AM
ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TLBTU;
TBLT; TBLTW), a leading designer, manufacturer and
distributor of innovative tools and accessories to the building
industry, announces that commencing on Monday, December 3, 2018 the
holders of the units sold in the Company's initial public offering
may elect to separately trade the common stock and Series A
warrants included in the units. Units that are not separated will
continue to trade on The NASDAQ Capital Market ("NASDAQ") under the
symbol "TBLTU." The common stock and the Series A warrants that are
separated are expected to trade on NASDAQ under the symbols "TBLT"
and "TBLTW," respectively.
Holders of units wishing to commence separate trading of the
unit’s common stock and Series A warrants on December 3, 2018, or
thereafter, should have their broker representative contact the
Company's transfer agent in order to effect the separation: VStock
Transfer, LLC, 18 Lafayette Place, Woodmere, NY 11598, or by
telephone: (212) 828-8436.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission (the
“SEC”) on November 8, 2018.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification of these securities under the securities laws of any
such state or jurisdiction. A copy of the final prospectus relating
to the offering may be obtained for free by visiting the SEC
website at www.sec.gov. Alternatively, a copy of the prospectus
related to this offering may be obtained from Maxim Group LLC, 405
Lexington Ave, New York, NY 10174, Attn: Prospectus Department or
by telephone: (800) 724-0761.
About ToughBuilt Industries, Inc.
ToughBuilt is a leading designer, manufacturer and distributor
of innovative tools and accessories to the building industry. We
market and distribute various home improvement and construction
product lines for both the do-it-yourself and professional markets
under the TOUGHBUILT® brand name, within the global multibillion
dollar per year tool market industry. All of our products are
designed by our in-house design team. Since launching product sales
in 2013, we have experienced significant annual sales growth.
Our current product line includes three major categories, with
several additional categories in various stages of development,
consisting of Soft Goods & Kneepads and Sawhorses & Work
Products. Our mission is to provide products to the building and
home improvement communities that are innovative, of superior
quality derived in part from enlightened creativity for our end
users while enhancing performance, improving well-being and
building high brand loyalty. Additional information about the
Company is available at: https://www.toughbuilt.com/.
Forward-Looking Statements
This press release contains certain forward-looking statements,
including statements with regard to the ability of holders of the
units sold in the Company's initial public offering to separately
trade the ordinary shares and warrants included in the units. Words
such as “expects,” “anticipates” and “intends” or similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions and no
assurance can be given that the initial public offering discussed
above will be completed on the terms described. Completion of the
proposed initial public offering and the terms thereof are subject
to numerous factors, many of which are beyond the control of the
Company, including, without limitation, failure of customary
closing conditions and the risk factors and other matters set forth
in the prospectus included in the registration statement, in the
form last filed with the SEC. ToughBuilt undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by law.
Contact:
Crescendo Communications, LLC Email: TBLT@crescendo-ir.com Tel:
(212) 671-1021
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