IR - ToughBuilt Proposes Terms For $17 Million IPO
Quick Take
ToughBuilt (TBLT) intends to raise $17.25 million from the sale of Class A units, according to an amended S-1/A registration statement.
The company designs and sells construction tools to DIY and professional markets.
TBLT is not well capitalized, doesn't have noticeable differentiation, and is operating in markets with very large competitors.
Company & Technology
Las Vegas, Nevada-based Toughbuilt was founded in 2012 to build quality tools meant to last generations, offering a limited lifetime warranty.
Management is led by Co-Founder, President, and CEO Michael Panosian, who has been with