New York, November 9th / PRNewswire / -- TEN Holdings, Inc. (Nasdaq: XHLD) (hereinafter referred to as the "Company" or "TEN Holdings") announced today that it has completed its registered direct offering, issuing a total of 3,389,831 common shares of the Company at a purchase price of $0.59 per share.

The total funds raised in this issuance are approximately $2 million, before deducting the issuance expenses paid by the company.

The company stated that it intends to use the net proceeds from this issuance for working capital and general corporate purposes, in order to support its ongoing operations and strategic initiatives, and to continue its transformation towards a technology-driven business model with recurring revenue.

TEN Holdings Chairman and CEO Virgilio Torres stated: "This financing is another important step in our ongoing efforts to strengthen our financial position as we continue to implement our long-term growth strategy. Over the past few months, we have made substantial progress in reducing operating cost structures, expanding technical capabilities, and transitioning to a more scalable SaaS business model. This additional capital will provide us with greater financial flexibility to support our operations and sustain this momentum."

Torres added, "With the launch of the new TEN Digital Experience Platform and our increasing focus on recurring software revenue, we believe the company is entering an important stage of development. We remain committed to prudently allocating capital, improving operational efficiency, and laying the foundation for sustainable long-term growth of TEN Holdings and the creation of shareholder value."

These common shares are issued in accordance with a valid registration statement on the S-3 form (document number 333-299485), which was declared effective by the U.S. Securities and Exchange Commission (SEC) on October 26, 2026. This issuance is conducted solely through the supplementary prospectus documents and the accompanying base prospectus. The supplementary prospectus documents related to this issuance have been submitted to SEC and can be viewed on the SEC website at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation to buy; in any state or jurisdiction, it shall not constitute an offer or solicitation to sell any securities if such offer, solicitation, or sale is illegal before registration or qualification in accordance with the securities laws of that state or jurisdiction.

Regarding TEN Holdings, Inc.

TEN Holdings, Inc. (Nasdaq: XHLD) is a technology company headquartered in New York that focuses on developing enterprise software solutions to help organizations create, manage, deliver, and measure digital experiences. Through its flagship digital experience platform TEN, the company provides technical solutions for corporate communications, virtual events, webinars, and continuing education, supporting digital experiences with up to 50,000 participants online at the same time.

Building on over a decade of experience serving Fortune 500 companies, TEN Holdings is developing its platform into a broader enterprise technology ecosystem empowered by AI. Its product roadmap includes marketing automation, CRM integration, advanced interactive analytics, AI-driven features, and content management solutions, all aimed at helping organizations streamline work processes, enhance customer interactions, and generate actionable business insights.

The company's strategic focus is on expanding SaaS products, increasing opportunities for recurring revenue, and delivering scalable technical solutions to corporate clients. The planned features are still subject to ongoing development, and their release timing or availability cannot be guaranteed.

Forward-looking Statements

Certain statements in this press release may constitute “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. The use of terms such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “potential”, “predict”, “project”, “should”, “target”, “will”, “would”, and similar phrases is intended to identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Due to a variety of important factors, actual results may differ significantly from those indicated in such forward-looking statements, including but not limited to: statements regarding the anticipated use of funds raised from this offering, risks related to the company’s growth strategy, the development, availability, and adoption of TEN and its planned expansion, including AI and automation, landing pages, integration, interactions, reporting and analysis, as well as content studio features; the company’s recurring revenue strategy; potential acquisitions; and other factors discussed in the “Risk Factors” section of the company’s most recent 10-K annual report filed with the U.S. Securities and Exchange Commission (SEC) and subsequent 10-Q quarterly reports and other SEC documents. For these and other reasons, investors should not rely excessively on any forward-looking statements contained in this press release. Any forward-looking statements in this press release are as of the date of issuance, TEN Holdings, Inc. It is expressly stated that, except as required by law, there is no obligation to update any forward-looking statements due to new information, future events, or other reasons.

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