TOUGHBUILT™ FISCAL YEAR 2020 AMAZON GROSS SALES APPROXIMATELY $7 MILLION
TOUGHBUILT™ FISCAL YEAR 2020 AMAZON GROSS SALES APPROXIMATELY $7 MILLION
Lake Forest, Calif, Jan. 27, 2021 ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), today announced gross sales through its Amazon storefronts for the fiscal year end, December 31, 2020, was approximately $7.04 million.
Michael Panosian, Chief Executive Officer of ToughBuilt, commented, “Our Amazon storefront results are indicative of the progress we’ve made with our product lines and our commitment and investments to becoming a global company. Furthermore, we look forward to growing sales on Amazon USA and Amazon platforms internationally as we lunch more lines this coming year and beyond.”
ToughBuilt Industries, Inc. Granted 180-Day Extension to Meet Nasdaq Minimum Bid Requirement
ToughBuilt Industries, Inc. Granted 180-Day Extension to Meet Nasdaq Minimum Bid Requirement
Lake Forest, Calif, Jan. 22, 2021 ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW) today announced that on January 21, 2021, the Company received a 180-day extension from Nasdaq’s Listing Qualification Department to meet Nasdaq’s continuing listing requirements by maintaining a minimum bid price per share of $1.00 for a minimum of 10 consecutive trading days. The Company now has until July 19, 2021 to meet Nasdaq’s minimum bid requirement.
The Company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A) on July 24, 2020 and was given until January 20, 2021 to regain compliance.