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 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 expertise, dedicated customer service, and an experienced management team.

Financial performance and metrics

• Supported 248 virtual/hybrid events with 525,812 attendees in 2025; 52 events with 112,305 attendees in Q1 2026.

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

• Q1 2026 revenue: $0.8M from virtual/hybrid events (92.7%), $0.06M from physical events (7.3%).

• As of March 31, 2026, cash and equivalents were $0.08M; pro forma post-offering shareholders’ equity would be $11.7M.

Use of proceeds and capital allocation

• Estimated net proceeds of $10.0M, after fees and expenses, assuming a $1.41 per share offering price.

• Proceeds intended for general working capital, corporate purposes, and repayment of indebtedness.

• Management retains broad discretion over allocation; may adjust based on economic and industry conditions.