TEN Holdings settles ~$4.9M payables via equity issuance to Sunpeak Holdings; court-approved

TEN Holdings, Inc.

Settlement with Sunpeak Holdings covers ~$4.91M in outstanding payables, exchanged for common shares.
Court in Manatee County, Florida approved fairness and terms on April 30, 2025.
Issuance includes 175,000 freely trading shares as settlement fee under Section 3(a)(10).
Default triggered if stock price falls to or below $0.25 or 30-day avg volume drops to 100k shares/day.
Sunpeak Holdings capped at 4.99% beneficial ownership of TEN Holdings common stock.

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