Toughbuilt Industries Issues Shares to Settle Executive Compensation

Reuters01-30 06:02

Toughbuilt Industries Issues Shares to Settle Executive Compensation

Toughbuilt Industries Inc. has announced the conversion of accrued compensation and bonuses owed to several of its officers into shares of common stock, constituting an unregistered sale of equity securities. The issuances, totaling millions of shares, were made pursuant to exemptions under Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) of Regulation D. No sales commissions were paid in connection with these transactions. The conversions included compensation and bonuses owed to Michael Panosian, Josh Keener, Zareh Kachatoorian, Martin Galstyan, and Manu Ohri, resulting in the issuance of an aggregate of over 179 million shares of common stock.

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: 0001213900-26-009595), on January 29, 2026, and is solely responsible for the information contained therein.

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