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, Inc., which has operated since 2011.

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

• Revenue primarily from virtual and hybrid events for corporate customers; physical event services added in 2023.

• Mission is to become a global leader in innovative virtual events, enhancing engagement and connectivity.

• Competitive strengths include proprietary technology, over a decade of event production experience, dedicated customer service, and an experienced management team.

Financial performance and metrics

• In 2025, revenue from virtual and hybrid events was $2.7M (88.2% of total), and from physical events $0.4M (11.8%).

• For Q1 2026, virtual/hybrid event revenue was $0.8M (92.7% of total), physical events $0.06M (7.3%).

• As of March 31, 2026, cash and cash equivalents were $0.08M.

• Pro forma as adjusted shareholders' equity after the offering is projected at $6.3M.

Use of proceeds and capital allocation

• Net proceeds from the offering estimated at $5.4M, to be used for general working capital, corporate purposes, and repayment of indebtedness.

• Management retains broad discretion over allocation; proceeds may be adjusted based on market and company conditions.