TEN Holdings announces $2.25M private placement of common stock

TEN Holdings (XHLD), through its subsidiary, Ten Events, announced that it entered into stock purchase agreements with certain investors for the purchase and sale of 991K shares of the company’s common stock, at a price of $2.27 per share, resulting in gross proceeds of approximately $2.25M. The company intends to use the net proceeds from the private placement for repayment of certain existing debt obligations and working capital and general corporate purposes.