8-K: TEN Holdings Executes 1-for-15 Reverse Stock Split

TEN Holdings, Inc. completed a 1-for-15 reverse stock split, reducing outstanding shares and adjusting its stock price on Nasdaq.

Summary

• TEN Holdings, Inc. effected a one-for-fifteen (1-for-15) reverse stock split of its common stock.
• The reverse stock split became effective at 4:30 p.m. Eastern Time on December 1, 2025.
• Every fifteen (15) shares of issued and outstanding common stock were exchanged for one (1) new share.
• The reverse stock split uniformly affected all outstanding shares and did not alter stockholders' percentage ownership, except for fractional interests.
• No fractional shares were issued; stockholders entitled to fractional shares received a cash payment in lieu.
• The number of outstanding shares was reduced from 44.8 million to approximately 3.0 million shares of new common stock.
• The number of authorized shares of common stock remained unchanged.
• Computershare Trust Company, N.A. acted as the exchange agent.
• The new common stock began trading on a split-adjusted basis on the NASDAQ Capital Market at market open on December 2, 2025.
• The trading symbol for the new common stock remains XHLD.
• The CUSIP for the company's new common stock is 880245204.

Sentiment

Score: 4

Explanation: A reverse stock split is generally viewed as a neutral to slightly negative event, often indicating a low stock price that necessitated the action. While it can be a necessary step for exchange compliance and marketability, it does not fundamentally change the company's value or operational performance. The filing itself is purely factual about the corporate action.

Future Outlook

The new common stock of TEN Holdings, Inc. commenced trading on a split-adjusted basis on the NASDAQ Capital Market at the market open on December 2, 2025, under the existing trading symbol XHLD.

Management Comments

• The report was signed by Randolph Wilson Jones III, Chief Executive Officer and Director, on behalf of TEN Holdings, Inc.

Industry Context

Reverse stock splits are a common corporate action, often undertaken by companies whose stock price has fallen significantly. Such actions are typically implemented to increase the per-share trading price, which can help meet minimum bid price requirements for continued listing on major exchanges like Nasdaq, improve stock marketability, and potentially attract a broader range of institutional investors.

Comparison to Industry Standards

• Reverse stock splits are a standard mechanism used across various industries when a company's stock price falls below exchange listing requirements (e.g., Nasdaq's $1.00 minimum bid price).
• Many companies, regardless of industry, have executed similar splits to maintain compliance and investor perception, such as recent examples from biotechnology firms or small-cap technology companies facing similar challenges.
• The 1-for-15 ratio is within the typical range for reverse splits, which can vary widely from 1-for-2 to 1-for-100 or more, depending on the extent of the price adjustment needed.

Stakeholder Impact

• Shareholders' percentage ownership interest in the company remains unchanged, except for adjustments due to fractional shares.
• Stockholders who would have received fractional shares will receive a cash payment in lieu, potentially impacting their total investment value slightly.
• The per-share price of the stock will increase proportionally, which may affect market perception and liquidity.

Next Steps

• The new common stock will continue trading on the NASDAQ Capital Market under the symbol XHLD on a split-adjusted basis.

Key Dates

Keywords

Reverse Stock Split, Common Stock, NASDAQ Capital Market, XHLD, Corporate Action, Share Reduction, SEC Filing