TEN Holdings Prices 7.5 Million Share Offering at $1.00 to Raise $7.5M
XHLD•TEN Holdings, Inc. priced an offering of 7.5 million common shares at $1.00 per share, generating approximately $7.5 million in gross proceeds. Net proceeds will support general working capital and repay existing indebtedness under an effective Form S-1 registration.
1. Offering Details
TEN Holdings’ subsidiary, Ten Events, Inc., is offering 7.5 million common shares at $1.00 each, targeting gross proceeds of $7.5 million. WestPark Capital, Inc. is serving as sole placement agent for the transaction.
2. Use of Proceeds
The company plans to allocate net proceeds toward general working capital and repayment of existing debt obligations, reinforcing its balance sheet and funding ongoing operations.
3. Transaction Timeline
The offering is expected to close on or about June 30, 2026, subject to customary closing conditions, under an effective registration statement on Form S-1 and Rule 462(b) coverage.
