TEN Holdings, Inc. 8-K

What Happened TEN Holdings, Inc. (XHLD) announced on June 26, 2026 that it entered into a Placement Agency Agreement with WestPark Capital, Inc., under which WestPark will act as exclusive placement agent for a registered direct offering of 7,500,000 shares of the Company’s common stock. The offering is expected to generate approximately $7.5 million in gross proceeds (before placement agent fees and offering expenses) and is expected to close on June 30, 2026. The shares are being offered pursuant to an S-1 registration statement (File No. 333-294896) and a Rule 462(b) registration statement (File No. 333-297075).

Key Details

• Placement agent: WestPark Capital, Inc.; Placement Agency Agreement contains customary reps, warranties and indemnification.
• Shares offered: 7,500,000 shares of common stock (par value $0.0001).
• Expected gross proceeds: approximately $7,500,000 before fees and expenses.
• Expected closing date: June 30, 2026; pricing announced in a press release dated June 26, 2026 (furnished as Exhibit 99.1).

Why It Matters This filing notifies investors of a near-term capital raise that will increase the number of outstanding shares and bring in roughly $7.5M in gross proceeds to the company (net amount will be lower after fees/expenses). Retail investors should note the expected closing date (June 30, 2026) and the potential for dilution from the new shares; the Placement Agency Agreement and related documents are filed or incorporated by reference in the Company’s S-1 filings for further detail.