An offering of additional shares by a publicly traded company after its initial public offering, used to raise new capital or allow existing holders to sell stock. For investors it matters because it can change the supply of shares—potentially lowering the stock price and diluting existing ownership—or signal that the company needs cash for growth or is giving insiders a chance to exit, much like a restaurant selling extra tickets after a first seating.
registration statement on form s-1regulatory
A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.
rule 462(b)regulatory
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.
prospectusregulatory
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.
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LOS ANGELES--(BUSINESS WIRE)--
WestPark Capital, a Los Angeles based international investment banking and securities brokerage firm, announces the completion of a $7.5 million follow on offering for TEN Holdings, Inc. (Nasdaq: XHLD). The company through its subsidiary, Ten Events, Inc. is a provider of event planning, production, and broadcasting services. The offering consisted of the 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 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 WestPark Capital
WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark Capital provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, CMPOs, RDs, SIPOs and corporate finance advisory services.
