TEN Holdings, Inc. Announces Closing of $7.5 Million Offering

Rhea-AI Summary

TEN Holdings (Nasdaq:XHLD) closed a registered offering of 7.5 million common shares at $1.00 per share, raising approximately $7.5 million in gross proceeds. WestPark Capital acted as sole placement agent.

The company plans to use net proceeds for general working capital, corporate purposes, and repayment of indebtedness.

Positive

• Raises approximately $7.5 million in gross proceeds
• Capital earmarked for working capital and corporate purposes
• Includes planned repayment of indebtedness, which may improve the balance sheet

Negative

• Issuance of 7.5 million new common shares likely dilutes existing shareholders
• Net proceeds reduced by placement agent fees and offering expenses

News Market Reaction – XHLD

+7.41% 5.9x vol

22 alerts

+7.41% Session close to close

+23.3% Peak in 1 hr 18 min

$25.03M Market Cap

5.9x Rel. Volume

In the Jul 1 session, XHLD gained 7.41%, reflecting a notable positive market reaction. Argus tracked a peak move of +23.3% during that session. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility. Trading volume was exceptionally heavy at 5.9x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +7.4% in the session following this news. A strong positive reaction aligns with inv...

Analysis

The stock moved +7.4% in the session following this news. A strong positive reaction aligns with investors prioritizing the added $7.5 million in liquidity over dilution from 7.5 million new shares, though future capital needs and potential regulatory overhangs could cap follow-through.

Key Figures

Shares offered: 7.5 million shares Offering price: $1.00 per share Gross proceeds: $7.5 million +1 more

4 metrics

Shares offered 7.5 million shares Registered common stock offering just closed

Offering price $1.00 per share Price for each newly issued common share in the offering

Gross proceeds $7.5 million Total gross capital raised before fees and expenses

Par value $0.0001 per share Stated par value of the company’s common stock

Historical Context

5 past events · Latest: May 15 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 15	Quarterly earnings	Neutral	+2.6%	Mixed Q1 results with revenue growth but tight cash and ongoing losses.
Mar 19	Conference participation	Neutral	-3.5%	Announcement of participation in the 38th Annual ROTH investor conference.
Mar 18	Full-year earnings	Negative	-3.5%	2025 results showing revenue decline, wider net loss and higher SG&A costs.
Jan 22	Security certification	Positive	+13.0%	Subsidiary completed SOC 2 examination, supporting enterprise-grade broadcast services.
Jan 16	Investor conference	Neutral	+4.0%	Planned presentation at DealFlow Discovery Conference with investor meetings.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Past news has produced mixed reactions, with clearly positive operational milestones rewarded and neutral conference updates showing more inconsistent trading.

Key Terms

par value, placement agent, registration statement, form s-1, +2 more

6 terms

par value financial

"shares of the Company's common stock, par value $0.0001 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

placement agent financial

"WestPark Capital, Inc. was the sole placement agent for the Offering"

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

registration statement regulatory

"pursuant to an effective registration statement on Form S-1, as amended"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

form s-1 regulatory

"pursuant to an effective registration statement on Form S-1, as amended"

A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.

rule 462(b) regulatory

"an additional registration statement filed pursuant to Rule 462(b)"

Rule 462(b) is an SEC provision that lets an issuer add more securities of the same class to an already-effective registration statement by filing a short post-effective amendment that becomes effective on filing, so the additional securities are immediately registered without redoing the full approval process. For investors this matters because it lets companies and underwriters expand an offering quickly—like adding extra seats to a sold-out show—changing supply and potential dilution that can affect the stock price.

prospectus regulatory

"A preliminary prospectus relating to this Offering and a final prospectus"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LANGHORNE, Pa., June 30, 2026 /PRNewswire/ -- TEN Holdings, Inc. (Nasdaq: XHLD) (the "Company"), through its subsidiary, Ten Events, Inc., a provider of event planning, production, and broadcasting services, today announced the closing of its previously announced offering (the "Offering") for the purchase and sale of 7.5 million shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"). Each share of Common Stock was sold at an offering price of $1.00 per share. The gross proceeds to the Company from the Offering were approximately $7.5 million, before deducting placement agent fees and other Offering expenses payable by the Company.

WestPark Capital, Inc. was the sole placement agent for the Offering.

The Company intends to use the net proceeds from the Offering for general working capital and corporate purposes, including repayment of indebtedness.

The shares of Common Stock were offered by the Company pursuant to an effective registration statement on Form S-1, as amended (File No. 333-294896), which was initially filed with the U.S. Securities and Exchange Commission (the "SEC") on April 6, 2026, and declared effective by the SEC on June 26, 2026 and an additional registration statement filed pursuant to Rule 462(b) which became automatically effective on June 26, 2026 (collectively, the "Registration Statements").

The Offering was made only by means of the prospectus forming part of the Registration Statements relating to the Offering. A preliminary prospectus relating to this Offering and a final prospectus relating to and describing the final terms of the Offering were filed with the SEC and are available on the SEC's website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of 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 technology, planning, production, and broadcasting services headquartered in Pennsylvania. The Company mainly produces virtual and hybrid events and physical events. Virtual and hybrid events involve virtual and hybrid event planning, production and broadcasting services, and continuing education services, all of which are supported by the Company's Xyvid Pro and Ten Pro Platforms. Physical events mainly involve live streaming and video recording of physical events. To learn more, visit www.tenholdingsinc.com.

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: statements regarding the Offering and the use of proceeds, and 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 U.S. Securities and Exchange Commission (the "SEC"), the Registration Statements and other filings with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and TEN Holdings, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

For more information, please contact:

Investor Relations Inquiries:

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: IR@skylineccg.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/ten-holdings-inc-announces-closing-of-7-5-million-offering-302815106.html

SOURCE TEN Holdings, Inc.

FAQ

What did TEN Holdings (Nasdaq:XHLD) announce on June 30, 2026 about its stock offering?

TEN Holdings announced the closing of a registered offering of 7.5 million common shares at $1.00 per share. According to TEN Holdings, the transaction generated approximately $7.5 million in gross proceeds before placement agent fees and other offering expenses.

How much capital did TEN Holdings (XHLD) raise in its June 2026 stock offering?

TEN Holdings raised approximately $7.5 million in gross proceeds from selling 7.5 million common shares at $1.00. According to TEN Holdings, this amount is before deducting placement agent fees and other offering-related expenses payable by the company.

What will TEN Holdings (XHLD) use the proceeds from the $7.5 million offering for?

TEN Holdings plans to use net proceeds for general working capital and corporate purposes, including debt repayment. According to TEN Holdings, these uses may support ongoing operations and help reduce outstanding indebtedness over time, after offering fees and expenses.

What are the key terms of the TEN Holdings (XHLD) common stock offering that closed June 30, 2026?

The offering involved 7.5 million shares of common stock at $1.00 per share. According to TEN Holdings, WestPark Capital was sole placement agent, and the gross proceeds to the company were about $7.5 million before fees and expenses.

How was the TEN Holdings (XHLD) June 2026 stock offering registered with the SEC?

The shares were offered under an effective Form S-1 registration statement and an additional Rule 462(b) registration. According to TEN Holdings, the Form S-1 was declared effective June 26, 2026, and the Rule 462(b) filing became effective the same day.

Who acted as placement agent for the TEN Holdings (XHLD) $7.5 million equity offering?

WestPark Capital served as the sole placement agent for the TEN Holdings offering. According to TEN Holdings, the firm handled the placement of 7.5 million common shares, with gross proceeds to the company of approximately $7.5 million before fees and expenses.

Does the TEN Holdings (XHLD) June 2026 offering affect existing shareholders?

The offering increases TEN Holdings’ common share count, which may dilute existing ownership percentages. According to TEN Holdings, 7.5 million new shares were sold, with net proceeds intended for working capital, corporate purposes, and repayment of indebtedness.