Toughbuilt Industries Issues Shares to Settle Executive Compensation
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Toughbuilt Industries Inc. announced the unregistered sale of shares to settle $66,666.67 in accrued compensation for executives Michael Panosian and Josh Keeler, converting it into 7,575,758 shares each. The transactions were exempt from registration under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D, with no sales commissions paid.
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