Toughbuilt Shares Drop 26 As Firm Announces 20M Stock Offering
Moreover, the deal includes the issuance and sale of 4 million shares of common stock and preferred investment options to purchase up to 8 million shares at an offering price of $5 per share and accompanying preferred investment options. With the placement expected to close on July 27, 2022, each share in the series A preferred investment option gives the option to exercise the right immediately or for a term of three years with the exercise price set at $5....