TEN Holdings (XHLD) ends SHC settlement with $250,000 payment

TEN Holdings, Inc. entered into a Release Agreement with Sunpeak Holdings Corporation on October 31, 2025, ending further payments or obligations under a prior Settlement Agreement.

Rhea-AI Filing Summary

TEN Holdings, Inc. entered into a Release Agreement with Sunpeak Holdings Corporation on October 31, 2025, ending further payments or obligations under a prior Settlement Agreement.

In exchange, the Company paid $250,000 to SHC, with payment made on October 30, 2025. Under the Release, TEN Holdings remains liable for any remaining creditor claims that were not satisfied by SHC under the original settlement. The prior settlement was entered on April 23, 2025 and became effective on April 30, 2025.

Insights

Corporate finance counsel

Cash payment of $250,000 swaps ongoing obligations for a clean release; residual claims remain.

The Company executed a Release Agreement on October 31, 2025 with SHC. SHC released the Company from further payments or obligations under the earlier settlement in exchange for a one-time $250,000 payment, which was made on October 30, 2025. This converts uncertain ongoing obligations into a fixed cash outlay.

However, the Company remains liable for any claims not satisfied by SHC per the original settlement. Actual financial impact depends on the size and resolution of those remaining claims. No additional cash-flow details or timing beyond the disclosed payment are provided in the excerpt.

8-K Event Classification

2 items: 1.02, 9.01

2 items

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did TEN Holdings (XHLD) announce?

The Company entered a Release Agreement with SHC on October 31, 2025, ending further obligations under a prior Settlement Agreement.

How much did TEN Holdings (XHLD) pay under the Release?

TEN Holdings paid $250,000 to Sunpeak Holdings Corporation, with payment made on October 30, 2025.

What obligations were terminated for TEN Holdings (XHLD)?

SHC released the Company from any further payments or obligations under the prior Settlement Agreement.

Does TEN Holdings (XHLD) still face any liabilities?

Yes. The Company remains liable for any remaining creditor claims not satisfied by SHC under the original settlement.

When was the original settlement established?

The Settlement Agreement was entered on April 23, 2025 and became effective on April 30, 2025.

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

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Accepted by SEC EDGAR 11/03/2025 - 04:30 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 31, 2025

TEN Holdings, Inc.

(Exact name of registrant as specified in its charter)

Nevada		001-42515		99-1291725
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1170 Wheeler Way
Langhorne, PA		19047
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number including area code: 1.800.909.9598

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		XHLD		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02 Termination of a Material Definitive Agreement.

As previously disclosed, on April 23, 2025, TEN Holdings, Inc. (the “Company”) entered into a Settlement Agreement and Stipulation (the “Settlement Agreement”) with Sunpeak Holdings Corporation (“SHC”), which became effective on April 30, 2025, pursuant to which SHC agreed to purchase certain outstanding payables owed by the Company to designated creditors of the Company in exchange (the “Claims”) for a settlement amount payable in shares of common stock of the Company. The material terms and conditions of the Settlement Agreement were described in the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 2, 2025, and are incorporated by reference herein. On October 31, 2025, the Company and SHC entered into a Release Agreement (the “Release”) pursuant to which SHC agreed to release the Company from any and all further payments or obligations under the Settlement Agreement in exchange for a payment of $250,000 from the Company, which payment was made on October 30, 2025. Pursuant to the terms of the Release, the Company is liable for any remaining Claims which were not satisfied by SHC pursuant to the terms of the Settlement Agreement.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are furnished or filed with this report, as applicable:

Exhibit No.		Description
104		Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TEN HOLDINGS, INC.
Date: November 3, 2025	By:	/s/ Randolph Wilson Jones III
		Randolph Wilson Jones III Chief Executive Officer and Director