TEN Holdings, Inc. announced a private placement of 991,000 shares of common stock at $2.27 per share, totaling $2.25 million in gross proceeds.
The net proceeds from the private placement will be used for debt repayment, working capital, and general corporate purposes.
The Company will file a resale registration statement with the SEC for the shares issued in the private placement.
Private Placement Details
991,000 shares of common stock sold at $2.27 per share, generating $2.25 million in gross proceeds.
Use of Proceeds
Net proceeds intended for debt repayment, working capital, and general corporate purposes.
Registration Statement
The Company to file a resale registration statement with the SEC for the shares issued in the private placement.
- TEN Holdings focuses on event planning, production, and broadcasting services with a specialization in virtual and hybrid events.
- The private placement will support TEN Holdings in reducing debt obligations and enhancing its working capital.
- The announcement reflects TEN Holdings' strategic approach to financing and business expansion.
TEN Holdings' successful private placement demonstrates investor confidence and provides resources for future growth and operational enhancements.