TEN Holdings, Inc. entered into a Placement Agency Agreement with WestPark Capital, Inc. to act as the exclusive placement agent for a registered direct offering. The company is offering 7,500,000 shares of common stock at a price of $1.00 per share. Gross proceeds from the offering are expected to be approximately $7.5 million before fees and expenses. The offering is expected to close on or about June 30, 2026. Net proceeds are intended for general working capital, corporate purposes, and the repayment of indebtedness.