TEN Holdings, Inc. Notifies Nasdaq of Audit Committee Noncompliance; Compliance Restored

What Happened TEN Holdings, Inc. (XHLD) filed an 8-K reporting that, after the resignation of director Yuji Ishida, the company fell out of compliance with Nasdaq Listing Rule 5605(c)(2) (Audit Committee must have at least three members). The company notified Nasdaq on August 28, 2026, relied on the cure period in Nasdaq Rule 5605(c)(4), appointed Kevin Cheong Jia Jin to the Audit Committee on August 31, 2026, and on September 1, 2026 received Nasdaq’s letter confirming the company had regained compliance and the matter is closed.

Key Details

• Event filed on Form 8-K with accession 0001493152-26-041263 (filed Sept 2, 2026).
• Noncompliance arose from the resignation of Mr. Yuji Ishida (date of notification to Nasdaq: Aug 28, 2026).
• Kevin Cheong Jia Jin was appointed to the Audit Committee on Aug 31, 2026.
• Nasdaq’s Listing Qualifications staff notified the company on Sept 1, 2026 that compliance was restored and the matter closed.

Why It Matters This filing documents a short-term governance lapse that could have affected the company’s Nasdaq listing status if not cured. Investors should note the company followed Nasdaq’s cure process and promptly restored the Audit Committee to the required size, so there is no ongoing listing compliance issue reported in this 8-K.