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TEN Holdings CFO Virgilio Torres steps down; Ian Lawson named interim CFO under Everest Advisors pact
Torres resigned as CFO, principal financial and principal accounting officer effective Sept 30, 2026, to focus on his CEO duties; Board said the change was not due to any disagreement.
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TEN Holdings terminates existing buyback, authorizes $2M new repurchase program; appoints Yee Won Hiew to board
Yee Won Hiew appointed to board effective Sept 16, 2026, filling vacancy left by Randolph Wilson Jones III's May 8 departure.
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Director Gan Yong Sheng to leave TEN Holdings board at 2026 annual meeting
Gan Yong Sheng notified board on Sept 2, 2026 he will not stand for re-election.
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TEN Holdings regains Nasdaq Audit Committee compliance after board departure and appointment
Yuji Ishida resigned from Board and Audit Committee, leaving Audit Committee with fewer than 3 members, violating Nasdaq Rule 5605(c)(2).
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TEN Holdings Q2 2026 revenue down 34.5% to $731K; net loss $3.0M
Q2 2026 revenue fell 34.5% YoY to $731K; platform usage revenue down 45.1% to $469K.
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TEN Holdings terminates four advisory/service agreements; director Yuji Ishida resigns, Kevin Cheong Jia Jin appointed
Terminated RyuShin Advisors LLC advisory agreement effective July 20, 2026.
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TEN Holdings raises $6.6M to regain Nasdaq equity compliance; delisting risk remains
Received Nasdaq deficiency letter for failing to meet $2.5M minimum stockholders' equity (Equity Standard).
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TEN Holdings amends CEO compensation: salary to $400k, $200k bonus, option grant, performance award
Base salary increased from $265k to $400k effective June 30, 2026; one-time cash bonus of $200k expected in 2027.
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TEN Holdings prices 7.5M share offering at $1.00, expects $7.5M gross proceeds
Offering of 7.5 million shares of common stock at $1.00 per share; gross proceeds ~$7.5M.
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TEN Holdings receives Nasdaq equity deficiency notice; issues 500k shares for $500k
Received Nasdaq deficiency letter on May 26, 2026 for failing to meet $2.5M stockholders' equity requirement under Listing Rule 5550(b)(1).
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CEO Randolph Jones steps down; CFO Virgilio Torres appointed CEO and Chairman effective May 8, 2026
Mutual agreement; departure not due to any dispute with the company.
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TEN Holdings FY2025 revenue falls 11.4% to $3.1M; net loss widens to $19.5M from $2.97M
Net loss of $19.5M ($8.58 per share) vs $2.97M ($1.78) in FY2024; SG&A surged 183% to $15.3M, including $10M non-cash charges.
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Director Naoaki Mashita resigns; Christina Maldonado appointed; CEO becomes Chair
Naoaki Mashita resigned as director and independent Chair effective Jan 30, 2026; no disagreement with company.
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Ten Holdings posts updated investor presentation, to present at DealFlow Conference Jan 28-29
Management will present in person at the DealFlow Discovery Conference on Jan 28-29, 2026 in Atlantic City.
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TEN Holdings raises $2.25M in private placement; enters new CEO/CFO employment agreements
Issued 991,000 shares at $2.27/share for gross proceeds of approximately $2.25M.
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TEN Holdings adds two directors; regains Nasdaq compliance on bid price and board independence
Appointed Yuji Ishida (Audit Chair, $20k retainer) and Gan Yong Sheng ($10k retainer) as independent directors effective Dec 15, 2025.
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TEN Holdings effects 1-for-15 reverse stock split, shares drop from 44.8M to ~3.0M
Reverse split effective Dec 1, 2025 at 4:30 p.m. ET; split-adjusted trading begins Dec 2.
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TEN Holdings pays $250K to terminate Sunpeak settlement; remains liable for unpaid claims
Entered Release Agreement with Sunpeak Holdings on Oct 31, 2025, ending 2025 Settlement Agreement.
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TEN Holdings enters digital reseller agreement with Xcyte Digital for conferencing products
Three-year initial term; auto-renewal for successive one-year periods unless 30-day non-renewal notice.
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TEN Holdings Q2 2025 net loss widens to $2.8M on higher public company costs
Revenue of $1.1M, up 9.1% YoY; physical events revenue surged 82.6% due to new customer.
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TEN Holdings engages MicroCap Advisory for market awareness; $100K/month plus 500K warrants
Engaged MicroCap Advisory for six-month investor communications and market awareness services.
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TEN Holdings appoints new CFO Virgilio D. Torres as director and audit committee member
Virgilio D. Torres appointed CFO effective June 30, 2025, also added to board and audit committee.
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TEN Holdings receives two Nasdaq deficiency notices for bid price and audit committee independence
Received Nasdaq deficiency on June 30, 2025 for bid price below $1.00 for 30 consecutive business days.
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TEN Holdings appoints Virgilio D. Torres as CFO effective June 30, 2025
Torres named CFO; annual salary $265,000 plus up to 25% bonus based on performance.
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TEN Holdings enters $20M equity purchase agreement with Lincoln Park Capital
Lincoln Park committed to buy up to $20M in common stock over 24 months; Company controls timing and amount.
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TEN Holdings launches Early Adopter Program for new SaaS product Ten Events Pro
Launched Early Adopter Program for new SaaS product Ten Events Pro; beta access begins July 1, 2025, full release expected early 2026.
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TEN Holdings dismisses auditor Grassi, engages ASSENTSURE PAC
Audit committee approved dismissal of Grassi & Co. on May 14, 2025.
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TEN Holdings Q1 revenue falls 34.5% to $739K; net loss widens to $4.8M on stock comp
Revenue decreased 34.5% to $739K, mainly due to a biennial event series with its largest customer that did not repeat in 2025.
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TEN Holdings amends 8-K: Naoaki Mashita named interim CFO after Orobono resignation
John M. Orobono Jr. resigned as Secretary, CFO, and Director effective May 9, 2025.
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CFO John Orobono resigns; director Naoaki Mashita named interim CFO
John M. Orobono Jr. resigned as Secretary, CFO, and Director on May 9, 2025, for personal reasons.
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TEN Holdings settles ~$4.9M payables via equity issuance to Sunpeak Holdings; court-approved
Settlement with Sunpeak Holdings covers ~$4.91M in outstanding payables, exchanged for common shares.
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TEN Holdings adds conversational AI solutions via controlling shareholder V-Cube partnership
Partnership with controlling shareholder V-Cube enables addition of conversational AI to virtual event services.
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TEN Holdings board authorizes $1M stock repurchase program
Board authorized up to $1.0M in share repurchases, effective March 17, 2025; program has evergreen term.
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TEN Holdings closes $10M IPO; shares begin trading on Nasdaq
IPO of 1,667,000 shares priced at $6.00/share for gross proceeds of $10M.