Corporate ActionJun 26, 2026, 05:26 PM
TEN Holdings Announces $7.5M Direct Offering of 7.5M Shares
AI Summary
TEN Holdings, Inc. announced a registered direct offering of 7.5 million shares of its common stock at $1.00 per share, expecting to raise approximately $7.5 million in gross proceeds. The company entered into a Placement Agency Agreement with WestPark Capital, Inc. for this offering, which is anticipated to close around June 30, 2026. The net proceeds will be allocated towards general working capital, corporate purposes, and the repayment of indebtedness.
Key Highlights
- TEN Holdings entered into a Placement Agency Agreement with WestPark Capital, Inc.
- The company will conduct a registered direct offering of 7,500,000 shares of common stock.
- The offering price is $1.00 per share.
- Gross proceeds are expected to be approximately $7.5 million.
- The offering is expected to close on or about June 30, 2026.
- Net proceeds will be used for general working capital, corporate purposes, and debt repayment.
Price Impact
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