TEN Holdings, Inc. Outlines Growth Strategy Following Closing of $7.5 Million Offering

About this update from Ten Holdings, Inc.

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: 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."

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