Toughbuilt Industries (TBLT) SEC Filings

Toughbuilt Industries, Inc. reported that its board approved converting certain compensation owed to key individuals into shares of its common stock. The amounts converted included accrued compensation earned as of December 31, 2025 and bonuses, which were issued as unregistered equity.

The company states these share issuances relied on exemptions from registration under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D, based in part on investor representations. There were no sales commissions paid in connection with these transactions. Certain directors, including Messrs. Panosian and Keeler, abstained from voting on resolutions pertaining to themselves due to conflicts of interest.