Business
TEN Holdings, Inc. Announces $1 Million Stock Repurchase Program
TEN Holdings, Inc. ("XHLD" or the "Company") (Nasdaq: XHLD), a provider of event planning, production, and broadcasting services, today announces that its board of directors (the "Board of Directors") has authorized a stock repurchase program, effective March 17, 2025.
About this update from Ten Holdings, Inc.
[{"type":"text","content":"LANGHORNE, Pa., March 18, 2025 /PRNewswire/ -- TEN Holdings, Inc. ("XHLD" or the "Company") (Nasdaq: XHLD), a provider of event planning, production, and broadcasting services, today announces that its board of directors (the "Board of Directors") has authorized a stock repurchase program, effective March 17, 2025.","length":376,"tagName":"p"},{"type":"image","alt":"Ten Events: Experience Excellence (PRNewsfoto/Xyvid, Inc.)","displaySize":"","headline":null,"caption":"Ten Events: Experience Excellence (PRNewsfoto/Xyvid, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":311,"height":175,"url":"https://media.zenfs.com/en/prnewswire.com/14528a3c66af6622462652e5c6743ce9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mTEAgjJ0.oWrXZXrymj90g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/14528a3c66af6622462652e5c6743ce9","width":311,"height":175}},"href":"https://mma.prnewswire.com/media/2416287/Ten_Events_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Under the program, the Company may, from time to time, repurchase up to $1 million worth of its outstanding shares of common stock with an evergreen term.","length":159,"tagName":"p"},{"type":"text","content":"Any repurchases of the common stock of the Company will be governed by market conditions, legal requirements, and other corporate considerations.","length":145,"tagName":"p"},{"type":"text","content":"All repurchases will be funded through cash from operations and executed under a 10b-18 plan.","length":93,"tagName":"p"},{"type":"text","content":"The Company's purpose in establishing the program, is to strengthen shareholder returns, improve capital efficiency, and implement a flexible capital policy.","length":161,"tagName":"p"},{"type":"text","content":""Our decision to initiate this share repurchase program is based on our belief that investing in our common stock at this time represents a promising opportunity and is a prudent allocation of capital, and is reinforced by our confidence in the intrinsic long-term value of our business," said TEN Holdings Chief Executive Officer, Randolph Wilson Jones III.","length":368,"tagName":"p"},{"type":"text","content":"The Company's share repurchase p...