toughbuilt industries inc was granted a 180day extension to meet nasdaq minimum bid requirements the company said tuesday companies are required to maintain a minimum bid price of 1 a share for at least 10 consecutive trading days toughbuilts stock was down 6 in recent trading at 49 cents a share toughbuilt has until may 16 2022 to meet the minimum bid requirement or face delisting the company was first notified by nasdaq on may 19 that it failed to maintain the minimum bid price for 30 consecutive trading days