$XHLD News

TEN Holdings prices 7.5M-share offering at $1.00 to raise ~$7.5M

TEN Holdings priced an underwritten registered offering of 7.5 million common shares at $1.00 per share to raise approximately $7.5 million in gross proceeds, with WestPark Capital as sole placement agent. The offering is expected to close on or about June 30, 2026, subject to customary closing conditions; net proceeds will be used for general working capital and repayment of indebtedness. Timing: The press release does not indicate dilution today; initial share dilution occurs at the offering close (Jun 30, 2026), and once the offering closes those shares have been issued.