TEN Holdings Announces $2.25 Million Private Placement of Common Stock
TEN Holdings (NASDAQ: XHLD) announced a private placement on Dec 29, 2025 to sell 991,000 shares of common stock at $2.27 per share, producing gross proceeds of approximately $2.25 million.
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Rhea-AI Summary
TEN Holdings (NASDAQ: XHLD) announced a private placement on Dec 29, 2025 to sell 991,000 shares of common stock at $2.27 per share, producing gross proceeds of approximately $2.25 million. The company intends to use net proceeds for repayment of certain existing debt and for working capital and general corporate purposes.
The shares were sold under stock purchase agreements and are not registered under the Securities Act; the company agreed to file a resale registration statement with the SEC to register the resale of the issued shares.
Positive
- $2.25M gross proceeds raised via private placement
- Proceeds earmarked for repayment of existing debt
Negative
- 991,000 new shares issued, increasing outstanding float
- Shares initially unregistered (subject to resale registration)
Details
News Market Reaction – XHLD
On Dec 30, the first trading day after this news, XHLD closed 12.06% below the previous close.
Data tracked by StockTitan Argus for the Dec 30 session.
Key Figures
- Shares in private placement
- 991,000 shares
- Common stock issued in announced private placement
- Offering price
- $2.27 per share
- Price for common stock sold in private placement
- Gross proceeds
- $2.25 million
- Gross proceeds from the private placement before expenses
Historical Context
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Partnership with Webinar.net to speed Ten Events Pro development and cut OpEx.
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1-for-15 reverse split to reduce share count and address Nasdaq compliance.
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Q3 2025 results showed wider net loss and elevated operating expenses.
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LD Micro conference participation announcement without direct financial impact.
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Collaboration with V-Cube to target North American virtual events market.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
private placement financial
common stock financial
resale registration statement regulatory
exemption from registration regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company intends to use the net proceeds from the private placement for repayment of certain existing debt obligations and working capital and general corporate purposes.
The Shares issued, or to be issued, in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About TEN Holdings, Inc.
The Company, through its subsidiary, Ten Events, Inc., is a provider of event planning, production, and broadcasting services headquartered in
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to: the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the
For more information, please contact:
Investor Relations Contact:
Chad McNeal
Email: hello@tenholdingsinc.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott
1177 Avenue of the
Office: (646) 893-5835
Email: info@skylineccg.com
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SOURCE TEN Holdings, Inc.
FAQ
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