toughbuilt industries inc shares plummeted 47 to 1410 after the companys 1for150 reverse stock split went into effect monday the home improvement and construction product company said friday it was conducting a reverse split of its common stock in order to regain compliance with the nasdaq capital markets 1 minimum bid price requirement shares closed friday at 18 cents toughbuilt industries said the reverse stock split would reduce the number of shares outstanding common stock from 1543 million shares to roughly 1 million shares