secwatch.observer — SEC 8-K summary
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Issuer:     Toughbuilt Industries, Inc (—)
CIK:        0001668370
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001575872-24-000061
Event type: regulatory
Sentiment:  positive
Materiality: 0.75
Item codes: 3.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

ToughBuilt regains Nasdaq minimum bid price compliance after reverse split
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- Received Nasdaq notice on Jan 17, 2024 that closing bid price was $1.00+ for 10 consecutive days through Jan 16.
- Effected a 1-for-65 reverse stock split on Dec 21, 2023; began trading post-split on Jan 2, 2024.
- Previously ineligible for 180-day extension due to insufficient public float of unrestricted shares.
- Nasdaq considers the matter closed; compliance with Listing Rule 5550(a)(2) restored.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668370/000157587224000061/0001575872-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668370/000157587224000061/tblt-20240110.htm
  HTML page:      https://secwatch.observer/filing/0001575872-24-000061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer