TEN Holdings plans shift toward recurring software revenue model
XHLD•TEN Holdings raised approximately $2 million through a registered direct offering of 3,389,831 common shares at $0.59 each, and plans to use the proceeds for working capital and general corporate purposes.
1. Offering and priorities
TEN Holdings plans to use the offering proceeds for working capital and general corporate purposes. Its strategic priorities include shifting toward recurring software revenue through the TEN Digital Experience Platform, improving operational efficiency and maintaining disciplined capital allocation.
