Sichenzia Ross Ference Carmel LLP Represents ToughBuilt Industries, Inc. in $3.5 Million Public Offering of Common Stock 

Press Release – New York, NY – February 15, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented ToughBuilt Industries, Inc. (NASDAQ: TBLT) (the “Company”) in its public offering of common stock. The offering consisted of 772,628 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 772,628 shares of its common stock at an offering price to the public of $4.53 per share (or pre-funded warrant) and associated warrant. The warrants will have an exercise price of $4.405 per share, be exercisable upon issuance, and will expire five years following the date of issuance.

The Sichenzia Ross Ference Carmel LLP team was led by partners Ross Carmel and Phil Magri.