TEN Holdings Announces Effective Date of Reverse Stock Split
Rhea-AI Summary
TEN Holdings (NASDAQ: XHLD) will implement a 1-for-15 reverse stock split, effective at 4:30 p.m. ET on December 1, 2025. The company's common stock is expected to trade on a split-adjusted basis under the same symbol XHLD when markets open on December 2, 2025, with new CUSIP 880245204.
As of the Effective Time, every fifteen issued and outstanding shares will be reclassified into one share, reducing outstanding shares from approximately 44.8 million to 3.0 million, subject to fractional-share adjustment. No fractional shares will be issued; holders will receive a cash payment in lieu of any fractional shares. Computershare Trust Company, N.A. is the exchange agent. Additional details are in the company's definitive information statement filed with the SEC on November 10, 2025.
Positive
- Reverse split ratio 1-for-15 effective Dec 1, 2025
- Outstanding shares reduced from ≈44.8M to ≈3.0M
Negative
- No fractional shares issued; holders receive cash in lieu of fractions
News Market Reaction
On the day this news was published, XHLD declined 22.73%, reflecting a significant negative market reaction. Argus tracked a trough of -26.2% from its starting point during tracking. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $3M from the company's valuation, bringing the market cap to $9M at that time.
Data tracked by StockTitan Argus on the day of publication.
TEN Holdings common stock expected to begin trading on a split-adjusted basis on December 2, 2025
The Reverse Stock Split is expected to be effective at 4:30 p.m. Eastern Time on December 1, 2025 (the "Effective Time"). The Company's common stock is expected to begin trading on a split-adjusted basis under the same symbol (XHLD) when the market opens on December 2, 2025, with the new CUSIP number 880245204.
As of the Effective Time, every fifteen issued and outstanding shares of the common stock will be automatically reclassified into one issued and outstanding share of the Company's common stock. This will reduce the number of shares outstanding from approximately 44.8 million to approximately 3.0 million, subject to adjustment for fractional shares. The Reverse Stock Split will not affect the par value of the common stock. No fractional shares will be issued in connection with the Reverse Stock Split. Holders of common stock will receive a cash payment (without interest) in lieu of any fractional shares.
Computershare Trust Company, N.A. is acting as the exchange agent for the Reverse Stock Split. Registered stockholders holding pre-split shares of the Company's common stock are not required to take any action to receive post-split shares. Stockholders owning shares via a broker, bank, trust or other similar organization will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such organization's particular processes, and will not be required to take any action in connection with the Reverse Stock Split.
Additional information about the Reverse Stock Split and Authorized Share Reduction can be found in the Company's definitive information statement filed with the Securities and Exchange Commission (the "SEC") on November 10, 2025, which is available free of charge at the SEC's website, www.sec.gov, and on the Company's website at https: https://www.tenholdingsinc.com/reports.
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, including plans to implement the Reverse Stock Split and the expected effective date of the Reverse Stock Split, 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
What is the reverse stock split ratio for TEN Holdings (XHLD) and when is it effective?
When will XHLD begin trading on a split-adjusted basis after the TEN Holdings reverse split?
How many shares will TEN Holdings have outstanding after the 1-for-15 reverse split?
Will TEN Holdings issue fractional shares after the reverse split (XHLD)?
Who is the exchange agent for the TEN Holdings reverse stock split (XHLD)?
Where can investors find TEN Holdings' definitive information statement about the reverse split (XHLD)?
