Key Highlights

• TEN Holdings (NASDAQ: XHLD) priced a registered direct offering of 7,500,000 shares of common stock at $0.0001 par value per share.

• The offering is expected to generate approximately $7.5 million in gross proceeds before fees and expenses.

• WestPark Capital, Inc. Serves as the exclusive placement agent for the transaction, targeting a June 30, 2026 close.

• The offering was filed under SEC registration statements 333-294896 and 333-297075.

Deal Announcement

TEN Holdings Inc. (NASDAQ: XHLD) has entered a definitive agreement to raise capital through a registered direct offering. The company will issue 7,500,000 shares of its common stock, each carrying a par value of $0.0001. The transaction is structured to close by the end of the month.

Proceeds and Use

Gross proceeds from the offering are projected to reach approximately $7.5 million. The funds will be allocated toward general corporate purposes, though specific allocations remain undisclosed. Investors will receive shares under terms outlined in the company’s SEC filings.

Placement Agent Role

WestPark Capital, Inc. Has been appointed as the exclusive placement agent for the offering. The firm will facilitate the sale of shares to institutional and accredited investors. The agreement includes standard representations, warranties, and indemnification provisions.

SEC Filing Details

The offering was registered under two SEC filings: Form S-1 (File No. 333-294896) and a Rule 462(b) registration statement (File No. 333-297075). Both documents were submitted in late June 2026. The filings provide transparency on the transaction’s structure and risks.

Pricing and Timing

TEN Holdings announced the pricing of the offering on June 26, 2026. The deal is expected to finalize on June 30, 2026, pending customary closing conditions. No additional details on pricing per share were disclosed in the filing.

Forward-Looking Statements

The company’s filings include forward-looking statements regarding the offering’s completion and use of proceeds. These projections are subject to risks, including market conditions and regulatory approvals. Investors are advised to review the risk factors in the SEC filings.

Legal and Compliance

The offering complies with securities laws under the Securities Exchange Act of 1934. TEN Holdings has signed the required documentation to authorize the transaction. The company disclaims any obligation to update forward-looking statements post-closing.

 

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.