secwatch.observer — SEC 8-K summary
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Issuer:     TEN Holdings, Inc. (XHLD)
CIK:        0002030954
Form:       8-K
Filed at:   2025-06-25T23:59:59+00:00
Accession:  0001641172-25-016319
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030954/000164117225016319/0001641172-25-016319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030954/000164117225016319/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-016319

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