[8-K] TEN Holdings, Inc. Reports Material Event
TEN Holdings engaged MicroCap Advisory under a six-month market awareness agreement to provide investor communications and a multi-step outreach program including positioning, media planning, and campaign execution.
Compensation includes a $15,000 setup fee and $100,000 per month beginning one week after execution. The company will issue 500,000 fully earned warrants exercisable at $0.40 per share for two years, with anti-dilution adjustments and cashless exercise if unregistered. Either party may terminate after 60 days upon 30 days' written notice. No warrants have been issued yet; the company expects to issue them by the end of 2025.
TEN Holdings ha ingaggiato MicroCap Advisory con un accordo di sei mesi per attività di market awareness per fornire comunicazioni agli investitori e un programma di outreach in più fasi comprendente posizionamento, pianificazione media ed esecuzione della campagna.
La remunerazione comprende un onere di avviamento di $15,000 e $100,000 al mese a partire da una settimana dopo la firma. La società emetterà 500,000 warrant interamente maturati esercitabili a $0.40 per azione per due anni, con adeguamenti anti-diluizione e possibilità di esercizio cashless in caso di mancata registrazione. Ciascuna parte può recedere dopo 60 giorni con un preavviso scritto di 30 giorni. I warrant non sono ancora stati emessi; la società prevede di farlo entro la fine del 2025.
TEN Holdings contrató a MicroCap Advisory bajo un acuerdo de seis meses de concienciación de mercado para proporcionar comunicaciones a inversores y un programa de divulgación en varios pasos que incluye posicionamiento, planificación de medios y ejecución de la campaña.
La compensación incluye una tarifa de implementación de $15,000 y $100,000 por mes a partir de una semana después de la firma. La compañía emitirá 500,000 warrants totalmente devengados ejercitables a $0.40 por acción durante dos años, con ajustes anti-dilución y ejercicio 'cashless' si no están registrados. Cualquiera de las partes puede rescindir después de 60 días mediante un aviso escrito con 30 días de antelación. Aún no se han emitido warrants; la compañía espera emitirlos antes de finales de 2025.
TEN Holdings는 6개월간의 시장 인지도 계약으로 MicroCap Advisory를 고용해 투자자 커뮤니케이션과 포지셔닝, 미디어 기획 및 캠페인 실행을 포함한 다단계 아웃리치 프로그램을 제공받기로 했습니다.
보수는 $15,000의 셋업 비용과 계약 체결 1주 후부터 시작되는 월 $100,000을 포함합니다. 회사는 완전 귀속된 500,000개의 워런트를 주당 $0.40로 2년간 행사할 수 있도록 발행할 예정이며, 희석 방지 조정 및 비등록 시 현금 미지급 방식(cashless)으로 행사할 수 있습니다. 어느 쪽 당사자든 60일 후에는 30일 서면 통지로 계약을 해지할 수 있습니다. 아직 워런트는 발행되지 않았으며, 회사는 2025년 말까지 발행할 것으로 예상합니다.
TEN Holdings a engagé MicroCap Advisory dans le cadre d'un accord de six mois visant à accroître la notoriété sur le marché afin d'assurer les communications aux investisseurs et un programme de sensibilisation en plusieurs étapes incluant le positionnement, la planification média et l'exécution de la campagne.
La rémunération comprend des frais d'installation de $15,000 et $100,000 par mois à compter d'une semaine après la signature. La société émettra 500,000 warrants entièrement acquis exerçables à $0.40 par action pendant deux ans, avec des ajustements anti-dilution et un exercice cashless en cas de non-enregistrement. Chaque partie peut résilier après 60 jours moyennant un préavis écrit de 30 jours. Aucun warrant n'a encore été émis ; la société prévoit de les émettre d'ici la fin 2025.
TEN Holdings verpflichtete MicroCap Advisory im Rahmen einer sechsmonatigen Marktbekanntheitsvereinbarung, um Investorenkommunikation und ein mehrstufiges Outreach-Programm einschließlich Positionierung, Mediaplanung und Kampagnenumsetzung bereitzustellen.
Die Vergütung umfasst eine Einrichtungsgebühr von $15,000 und $100,000 pro Monat, zahlbar ab einer Woche nach Vertragsunterzeichnung. Das Unternehmen wird 500.000 vollständig erworbene Warrants ausgeben, die für zwei Jahre zum Preis von $0.40 je Aktie ausübbar sind, mit Anti-Dilution-Anpassungen und der Möglichkeit eines cashless Exercise, falls nicht registriert. Jede Partei kann nach 60 Tagen mit einer schriftlichen Frist von 30 Tagen kündigen. Es wurden noch keine Warrants ausgegeben; das Unternehmen rechnet damit, sie bis Ende 2025 auszugeben.
- Company engaged a specialized advisor to execute a defined investor communications and market awareness program.
- Agreement includes a termination mechanism allowing either party to end after 60 days upon 30 days' written notice.
- Warrants are fully described with anti-dilution adjustments and cashless exercise provisions, clarifying conversion mechanics.
- Immediate cash commitment of a $15,000 setup fee plus $100,000 per month, creating near-term cash outflows.
- Potential dilution from issuance of 500,000 warrants exercisable at $0.40 for two years.
- Warrants not yet issued but expected by end of 2025, representing a contingent equity issuance that will affect capitalization when issued or exercised.
Insights
TL;DR The agreement creates recurring cash outlays and a potential dilutive equity issuance that are material to small-cap cash flow and capitalization.
The engagement commits the company to a six-month program with a $15,000 setup fee and $100,000 monthly payments, which represent immediate cash obligations beginning one week after execution. The issuance of 500,000 warrants exercisable at $0.40 for two years introduces potential dilution and contingent equity that will affect share count if exercised. The termination clause permits exit after an initial period, which limits long-term obligation but does not eliminate near-term cash burn or contingent dilution. Investors should note the company has not yet issued the warrants but expects to do so by the end of 2025.
TL;DR The agreement signals proactive investor outreach, but it carries measurable costs and a defined equity kicker requiring disclosure and monitoring.
The contract formalizes an IR campaign with detailed deliverables including positioning and media planning. Structurally, compensation combines cash and warrants with anti-dilution protections and cashless exercise rights, which is typical for advisory arrangements when securities are unregistered. The mutual termination right after 60 days plus 30 days' notice offers flexibility. The agreement is material in that it affects operating cash flows and the company’s potential capital structure through the 500,000-warrant issuance expected by year-end.
TEN Holdings ha ingaggiato MicroCap Advisory con un accordo di sei mesi per attività di market awareness per fornire comunicazioni agli investitori e un programma di outreach in più fasi comprendente posizionamento, pianificazione media ed esecuzione della campagna.
La remunerazione comprende un onere di avviamento di $15,000 e $100,000 al mese a partire da una settimana dopo la firma. La società emetterà 500,000 warrant interamente maturati esercitabili a $0.40 per azione per due anni, con adeguamenti anti-diluizione e possibilità di esercizio cashless in caso di mancata registrazione. Ciascuna parte può recedere dopo 60 giorni con un preavviso scritto di 30 giorni. I warrant non sono ancora stati emessi; la società prevede di farlo entro la fine del 2025.
TEN Holdings contrató a MicroCap Advisory bajo un acuerdo de seis meses de concienciación de mercado para proporcionar comunicaciones a inversores y un programa de divulgación en varios pasos que incluye posicionamiento, planificación de medios y ejecución de la campaña.
La compensación incluye una tarifa de implementación de $15,000 y $100,000 por mes a partir de una semana después de la firma. La compañía emitirá 500,000 warrants totalmente devengados ejercitables a $0.40 por acción durante dos años, con ajustes anti-dilución y ejercicio 'cashless' si no están registrados. Cualquiera de las partes puede rescindir después de 60 días mediante un aviso escrito con 30 días de antelación. Aún no se han emitido warrants; la compañía espera emitirlos antes de finales de 2025.
TEN Holdings는 6개월간의 시장 인지도 계약으로 MicroCap Advisory를 고용해 투자자 커뮤니케이션과 포지셔닝, 미디어 기획 및 캠페인 실행을 포함한 다단계 아웃리치 프로그램을 제공받기로 했습니다.
보수는 $15,000의 셋업 비용과 계약 체결 1주 후부터 시작되는 월 $100,000을 포함합니다. 회사는 완전 귀속된 500,000개의 워런트를 주당 $0.40로 2년간 행사할 수 있도록 발행할 예정이며, 희석 방지 조정 및 비등록 시 현금 미지급 방식(cashless)으로 행사할 수 있습니다. 어느 쪽 당사자든 60일 후에는 30일 서면 통지로 계약을 해지할 수 있습니다. 아직 워런트는 발행되지 않았으며, 회사는 2025년 말까지 발행할 것으로 예상합니다.
TEN Holdings a engagé MicroCap Advisory dans le cadre d'un accord de six mois visant à accroître la notoriété sur le marché afin d'assurer les communications aux investisseurs et un programme de sensibilisation en plusieurs étapes incluant le positionnement, la planification média et l'exécution de la campagne.
La rémunération comprend des frais d'installation de $15,000 et $100,000 par mois à compter d'une semaine après la signature. La société émettra 500,000 warrants entièrement acquis exerçables à $0.40 par action pendant deux ans, avec des ajustements anti-dilution et un exercice cashless en cas de non-enregistrement. Chaque partie peut résilier après 60 jours moyennant un préavis écrit de 30 jours. Aucun warrant n'a encore été émis ; la société prévoit de les émettre d'ici la fin 2025.
TEN Holdings verpflichtete MicroCap Advisory im Rahmen einer sechsmonatigen Marktbekanntheitsvereinbarung, um Investorenkommunikation und ein mehrstufiges Outreach-Programm einschließlich Positionierung, Mediaplanung und Kampagnenumsetzung bereitzustellen.
Die Vergütung umfasst eine Einrichtungsgebühr von $15,000 und $100,000 pro Monat, zahlbar ab einer Woche nach Vertragsunterzeichnung. Das Unternehmen wird 500.000 vollständig erworbene Warrants ausgeben, die für zwei Jahre zum Preis von $0.40 je Aktie ausübbar sind, mit Anti-Dilution-Anpassungen und der Möglichkeit eines cashless Exercise, falls nicht registriert. Jede Partei kann nach 60 Tagen mit einer schriftlichen Frist von 30 Tagen kündigen. Es wurden noch keine Warrants ausgegeben; das Unternehmen rechnet damit, sie bis Ende 2025 auszugeben.
FAQ
What did TEN Holdings (XHLD) disclose in this 8-K?
How much will TEN Holdings pay MicroCap Advisory?
What equity compensation is included for MicroCap Advisory?
Have the warrants been issued and when will they be issued?
Can TEN or the advisor terminate the agreement early?
