Toughbuilt Industries Issues Shares to Settle Executive Compensation

Reuters12-11

Toughbuilt Industries Issues Shares to Settle Executive Compensation

Toughbuilt Industries Inc. has announced the unregistered sale of shares as part of a compensation arrangement for two of its officers. The company converted $66,666.67 in accrued compensation owed to each of Michael Panosian and Josh Keeler into 7,575,758 shares of common stock for each individual. The transactions were conducted under exemptions from registration provided by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D, with no sales commissions paid.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Toughbuilt Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-120228), on December 11, 2025, and is solely responsible for the information contained therein.

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