TEN Holdings Announces Closing of $2.0 Million Registered Direct Offering
PR Newswire•09/11/2026•17:16 ET
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Key Highlights
- ➤TEN Holdings closed a $2.0 million registered direct offering.
- ➤3,389,831 shares sold at $0.59 per share.
- ➤Net proceeds target working capital and general corporate purposes.
- ➤TEN Digital Experience Platform has launched, supporting recurring software revenue efforts.
Expert Statements
Virgilio Torres, Chairman and Chief Executive Officer of TEN Holdings
“This financing represents another important step in strengthening our financial position as we continue executing our long-term growth strategy.”
Virgilio Torres, Chairman and Chief Executive Officer of TEN Holdings
“Over the past several months, we have made meaningful progress in reducing our operating cost structure, expanding our technology capabilities, and transitioning toward a more scalable SaaS business model. This additional capital will provide us with greater financial flexibility to support our operations and continue building on that momentum.”
Virgilio Torres, Chairman and Chief Executive Officer of TEN Holdings
“With our new TEN Digital Experience Platform launched and our focus increasingly shifting toward recurring software revenue, we believe we are entering an important phase in the Company's development. We remain committed to disciplined capital allocation, improving operational efficiency, and positioning TEN Holdings for sustainable long-term growth and shareholder value creation.”
TEN Holdings Announces Closing of $2.0 Million Registered Direct Offering PR Newswire
NEW YORK, Nov. 9, 2026 /PRNewswire/ -- TEN Holdings, Inc. (Nasdaq: XHLD) (the "Company" or "TEN Holdings"), the technology company behind TEN, a Digital Experience Platform that powers the next generation of enterprise digital engagement, today announced the closing of its registered direct offering of an aggregate of 3,389,831 shares of the Company's common stock at a purchase price of $0.59 per share.
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