Tomi Environmental Solutions files $50M universal shelf registration statement

TOMI Environmental Solutions (TOMZ) has filed a $50 million universal shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission. Once declared effective, the registration statement will allow TOMI to offer and sell, from time to time, up to an aggregate amount of securities as described in the filing. This shelf registration provides TOMI with the financial flexibility to efficiently access capital as needed to support its operational growth, product development, and long-term strategic initiatives. In connection with this filing, TOMI has entered into a strategic advisory and placement arrangement with Bancroft Capital and established an equity line of credit facility with Hudson Global Ventures, LLC. The ELOC provides TOMI the right to sell to Hudson Global Ventures, LLC up to $20,000,000 of its common stock from time to time over a 24 month period.