TOMI Environmental announces $ 5.0 million closing



FREDERICK, Md., Oct. 04, 2021 (GLOBE NEWSWIRE) – TOMI Environmental Solutions, Inc.® (the “Company”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination, today announced the closing on September 29, 2021 of its previously announced recorded direct offer of 2,869,442 common shares at market price under Nasdaq rules. In addition, the Company has also issued non-registered warrants to investors to purchase up to a total of 1,434,721 common shares in a concurrent private placement. The combined purchase price for a common share and a warrant to purchase half of a common share was $ 1.7425. The warrants have an exercise price of $ 1.68 per share and can be exercised upon issuance for a period of five years.

HC Wainwright & Co. acted as the exclusive placement agent for the offering.

The gross proceeds of the offering to the Company were approximately $ 5.0 million. The Company currently intends to use the net proceeds of the offering for sales and marketing expenses associated with the Company’s products, advertising, the purchase of inventory and other general corporate purposes. the company.

The ordinary shares described above (but not the warrants or the ordinary shares underlying the warrants) were offered and sold by the Company under a registered direct offer in accordance with a registration statement. “Shelf” on Form S-3 (registration number 333-249850), including an accompanying prospectus previously filed with the Securities and Exchange Commission (the “SEC”) on November 4, 2020 and declared effective by the SEC on November 13, 2020. The offering of the common shares was made only by way of a prospectus supplement that forms part of the registration statement. A final prospectus supplement and accompanying prospectus relating to the Common Share Offering have been filed with the SEC and are available on the SEC’s website at . Electronic copies of the prospectus supplement and accompanying prospectus can also be obtained by contacting HC Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by telephone at (212) 856-5711 or by email. To [email protected].

The warrants issued in connection with the concurrent private placement and the common shares underlying the warrants are offered in a private placement pursuant to section 4 (a) (2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and, together with the common shares underlying the warrants, have not been registered under the Act or applicable state securities laws. Accordingly, the warrants and the underlying common shares may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act. and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described in this document, and there will be no sale of such securities in any state or other jurisdiction in which such offering, soliciting or selling would be illegal prior to registration or qualification under the securities laws of any such state or other jurisdiction.

TOMI ™ Environmental Solutions, Inc .: Innovating for a Safer World®

TOMI ™ Environmental Solutions, Inc. (NASDAQ: TOMZ) is a global decontamination and infection prevention company providing environmental solutions for the disinfection of interior surfaces through the manufacture, sale and licensing of its first Binary Ionization Technology® (BIT ™) platform. Invented under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the United States Department of Defense, the BIT ™ solution uses a low percentage of hydrogen peroxide as the sole active ingredient to produce a ionized hydrogen peroxide (iHP ™) fog. Represented by the SteraMist® brand of products, iHP ™ produces a germ-killing aerosol that functions as a non-caustic visual gas.

TOMI products are designed to service a wide variety of commercial structures including, but not limited to, hospitals and medical facilities, cruise ships, office buildings, hotel and motel rooms, schools, restaurants, meat and product processing facilities, military barracks, police, fire departments and sports facilities. TOMI products and services have also been used in single-family homes and multi-unit residences.

TOMI develops training programs and application protocols for its clients and is a member in good standing of the American Biological Safety Association, the American Association of Tissue Banks, the Association for Professionals in Infection Control and Epidemiology, Society for Healthcare Epidemiology of America, America Seed Trade Association, and the Restaurant Industry Association.

For more information, please visit or contact us at [email protected]

Safe Harbor Declaration under the Private Titles Litigation Reform Act 1995

This press release contains forward-looking statements based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends and anticipated performance of products. These forward-looking statements include, without limitation, the use of the proceeds of the offering. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in forward-looking statements. These factors include, without limitation, market and other conditions, general business and economic conditions and other risks described in our documents with the SEC, including our annual report on Form 10-K for the year. ended December 31, 2020, filed by us with the SEC and other periodic reports we have filed with the SEC. The information provided in this document is based on facts and circumstances known to date. Other unknown or unforeseeable factors or underlying assumptions subsequently proven to be incorrect could cause actual results to differ materially from those of forward-looking statements. Although we believe that the expectations reflected in forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today, unless otherwise stated, and we do not undertake to update such information except as required by applicable law.


John Nesbett / Jennifer Belodeau
IMS Investor Relations
[email protected]



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