TEN Holdings, Inc. Announces Pricing of $7.5 Million Offering

About this update from Ten Holdings, Inc.

LANGHORNE, Pa., June 26, 2026 /PRNewswire/ -- TEN Holdings, Inc. (Nasdaq: XHLD) (the "Company"), through its subsidiary, Ten Events, Inc., a provider of event planning, production, and broadcasting services, today announced the pricing of its offering (the "Offering") for the purchase and sale of 7.5 million shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"). Each share of Common Stock will be sold at an offering price of $1.00 per share. The gross proceeds to the Company from the Offering are expected to be approximately $7.5 million, before deducting placement agent fees and other Offering expenses payable by the Company. WestPark Capital, Inc. is the sole placement agent for the Offering. The Offering is expected to close on or about June 30, 2026, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for general working capital and corporate purposes, including repayment of indebtedness. The shares of Common Stock are being offered by the Company pursuant to an effective registration statement on Form S-1, as amended (File No. 333-294896), which was initially filed with the U.S. Securities and Exchange Commission (the "SEC") on April 6, 2026, and declared effective by the SEC on June 26, 2026, and an additional registration statement filed pursuant to Rule 462(b) which became automatically effective on June 26, 2026 (collectively, the "Registration Statements"). The Offering is being made only by means of the prospectus forming part of the Registration Statements relating to the Offering. A preliminary prospectus relating to this Offering has been filed with the SEC, and a final prospectus relating to and describing the final terms of the Offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About TEN Holdings, Inc. The Company, through its subsidiary, Ten Events, Inc., is a provider of event technology, planning, production, and broadcasting services headquartered in Penn...

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