TEN Holdings enters $20M equity purchase agreement with Lincoln Park Capital

TEN Holdings, Inc.

Lincoln Park committed to buy up to $20M in common stock over 24 months; Company controls timing and amount.
Purchase price is 97% of the lower of the lowest daily sale price or avg of three lowest closing prices over 10 days.
Issued 882,145 commitment shares to Lincoln Park; further sales capped at 19.99% of outstanding unless price threshold met.
Proceeds to fund working capital, technology platform development, and potential strategic acquisitions.
Company barred from other equity lines or ATM offerings; Lincoln Park prohibited from short selling during term.

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