TEN Holdings (XHLD) Registration filing summary

Company overview and business model

• Headquartered in Langhorne, PA, incorporated in 2024 as a holding company for TEN Events, which has operated since 2011.

• Provides event planning, production, and broadcasting services for virtual, hybrid, self-service, and physical events, leveraging proprietary Xyvid Pro and TEN Pro platforms.

• Revenue is primarily generated from virtual and hybrid events for corporate customers, with physical event services added in 2023.

• Offers continuing education solutions and customizable event management tools for clients in licensed industries.

Financial performance and metrics

• Revenue from virtual and hybrid events was $2.7M in 2025 (88.2% of total) and $3.2M in 2024 (91.9% of total).

• Physical event revenue was $0.4M in 2025 (11.8% of total) and $0.3M in 2024 (8.1% of total).

• As of March 31, 2026, cash and equivalents were $0.08M; pro forma equity post-offering is projected at $11.7M.

• Net proceeds from the offering are estimated at $10.0M, with an offering price of $1.41 per share.

Use of proceeds and capital allocation

• Net proceeds of approximately $10.0M will be used for general working capital, corporate purposes, and repayment of indebtedness.

• Management retains broad discretion over allocation, with potential adjustments based on market and business conditions.