LANGHORNE, Pa., July 9, 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 said it intends to deploy the net proceeds from its recently completed $7.5 million offering to accelerate execution of the Company's long-term strategy of investing in vital strategic priorities designed to accelerate growth and improve shareholder value.
These priorities, said Chairman, CEO and CFO Virgilio Torres, will include the following:
Strengthening Working Capital – Enhancing liquidity to support operations, improve financial flexibility, and position the Company to capitalize on future growth opportunities.
Expanding Product Development – Accelerating development of the Company's technology platform through expanded functionality, enhanced user experience, automation, analytics, and workflow capabilities designed to improve customer engagement and scalability.
Building Artificial Intelligence Capabilities – Investing in AI-powered technologies to enhance content creation, audience insights, automation, personalization, and operational efficiencies across the platform.
Pursuing Key Strategic Acquisitions – Exploring disciplined acquisition opportunities that expand the Company's technology capabilities, recurring revenue base, customer relationships, and overall market presence.
Mr. Torres said he believes achieving the above initiatives "will strengthen our competitive position, expand our software capabilities, and create a more scalable business model capable of delivering sustainable long-term growth."
Positioned for the Next Chapter
"This financing represents an important milestone for TEN Holdings and provides us with the capital to begin executing on the strategy we have been building over the past several months," added Mr. Torres. "With this capital in place, we can now shift from managing through a transition period to a new phase of pursuing and attaining the key strategic priorities that will enable us to grow the Company and achieve significant improvements to our top and bottom lines.
"At the same time," said Mr. Torres, "we intend to remain committed to prudent capital allocation and maintaining financial discipline as we scale."
"With this financing, we believe TEN Holdings is now better positioned to build a stronger, more diversified technology business while creating long-term value for our shareholders. We look forward to pursuing and achieving these opportunities."