secwatch.observer — SEC 8-K summary
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Issuer:     TEN Holdings, Inc. (XHLD)
CIK:        0002030954
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001493152-25-029370
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TEN Holdings raises $2.25M in private placement; enters new CEO/CFO employment agreements
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- Issued 991,000 shares at $2.27/share for gross proceeds of approximately $2.25M.
- Net proceeds to be used for debt repayment and working capital/general corporate purposes.
- CEO Randolph Jones receives $300K base salary, eligible for up to $200K annual cash bonus.
- New severance: 12 months base salary and accelerated stock vesting for CEO and CFO on change in control termination.
- Agreed to file resale registration statement within ten days after FY2025 audit completion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030954/000149315225029370/0001493152-25-029370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030954/000149315225029370/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-029370

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