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Sichenzia Ross Ference Kesner LLP Represents ToughBuilt Industries, Inc. in $6.1 Million Private Offering

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Press Release – New York, NY – October 18, 2016 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it has represented ToughBuilt Industries, Inc. (“ToughBuilt”) in a private placement of equity as well as debt securities.  ToughBuilt is a private company that markets and distributes various home improvement and construction product lines for both do-it-yourself and professional markets under the TOUGHBUILT® brand name within the global multi-billion dollar per year tool market industry.

The debt offering consisted of an offering to one entity, which purchased $5 million of Senior Secured Convertible Debentures, whereas the equity component consisted of an offering of ToughBuilt’s units (the “Units”), with each such Unit consisting of (i) one (1) share of Convertible Preferred Stock, and (ii) a warrant to purchase one (1) share of common stock.  ToughBuilt received gross proceeds of $1,145,000 from the sale of the Units.

The Sichenzia Ross Ference Kesner LLP team was led by Partners Marc Ross and Henry Nisser.

Sichenzia Ross Ference Carmel LLP