TEN Holdings receives two Nasdaq deficiency notices for bid price and audit committee independence

TEN Holdings, Inc.

• Received Nasdaq deficiency on June 30, 2025 for bid price below $1.00 for 30 consecutive business days.
• Has 180 days until Dec 29, 2025 to regain compliance by closing at $1.00 for 10 consecutive days.
• Second deficiency for failing Audit Committee independence rule due to resignations of independent directors Price and Sherrock on May 13, 2025.
• Audit Committee now has only one non-independent director; must submit compliance plan by Aug 14, 2025.
• Company may consider reverse stock split and intends to appoint additional independent directors.