Form 8-K
8-K — TEN Holdings, Inc.
Accession: 0001493152-26-036864
Filed: 2026-08-10
Period: 2026-08-10
CIK: 0002030954
SIC: 7389 (SERVICES-BUSINESS SERVICES, NEC)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
August
10, 2026
Date
of Report (Date of earliest event reported)
TEN
Holdings, Inc.
(Exact
Name of Registrant as Specified in its Charter)
Nevada
001-42515
99-1291725
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(I.R.S.
Employer
Identification
No.)
1170
Wheeler Way
Langhorne,
PA
19047
(Address
of Principal Executive Offices)
(Zip
Code)
1.800.909.9598
Registrant’s
telephone number, including area code
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock
XHLD
The
Nasdaq Stock Market LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
2.02 Results of Operations and Financial Condition.
On
August 10, 2026,
TEN Holdings, Inc. issued a press release to announce its financial results for the quarter ended June 30, 2026. The press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The
information disclosed under Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities
of that section, and shall not be deemed to be incorporated by reference in any filing made by the Company under the Securities Act of
1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item
9.01 Exhibits.
(d)
Exhibits
Exhibit
No.
Description
99.1
Press Release dated August 10, 2026
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
August 10, 2026
TEN
Holdings, Inc.
By:
/s/
Virgilio Torres
Virgilio
Torres
Chief
Executive Officer and Chief Financial Officer
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit
99.1
TEN
Holdings Reports Second Quarter 2026 Financial Results
LANGHORNE,
Pa., August 10, 2026 TEN Holdings, Inc. (Nasdaq: XHLD), through its subsidiary, Ten Events, Inc. (“Ten Events” or the “Company”),
an event technology company powering virtual, hybrid, and webinar experiences for enterprise customers, supported by production and managed
services, today announced its financial results for the quarter ended June 30, 2026.
Management
Commentary
“Second
quarter revenue reflected the timing of customer activity rather than a change in underlying demand for our services,” said Virgilio
Torres, Chairman, Chief Executive Officer and Chief Financial Officer of TEN Holdings. “A number of opportunities we expected to
close during the quarter shifted into the third quarter of 2026, and we expect the related revenue to be recognized as those events are
delivered.
“The
completion of our $7.5 million offering on June 30, 2026 was an important milestone for the Company. It strengthened our balance sheet,
with cash and cash equivalents increasing to $5.8 million at quarter end from $1.6 million at the start of the year and gives us the
capital to execute the strategic priorities we outlined in July: strengthening working capital, expanding product development, building
artificial intelligence capabilities, and pursuing key strategic acquisitions.
“We
are advancing our platform roadmap, including new AI-driven analytics, automated captioning, and workflow capabilities, while continuing
to build on our partnership with Webinar.net to expand our technology ecosystem. At the same time, we are pursuing a disciplined acquisition
strategy targeting complementary, accretive businesses that can broaden our recurring revenue base.
“We
remain committed to prudent capital allocation and financial discipline as we scale, and we believe the combination of an improving cost
structure, a strengthened balance sheet, and a clear strategic roadmap positions TEN Holdings to build long-term value for our shareholders.”
Financial
Results
The
Company’s second quarter 2026 revenue decreased by $385,000, or 34.5%, to $731,000, compared to $1.1 million in the second quarter
of 2025. The decrease was primarily driven by lower revenue from one of the Company’s largest customers, together with a number
of opportunities that shifted into the third quarter of 2026.
● Platform
usage revenue decreased by $0.4 million, or 45.1%, to $469,000, primarily due to lower revenue
from one of the Company’s largest customers.
● Professional
and managed services revenue was largely unchanged, increasing by $1,000, or 0.4%, to $262,000.
● Cost
of revenue decreased by $71,000, or 40.6%, to $104,000, consistent with the decrease in related
revenue. Gross profit margin was 85.8%, compared to 84.3% in the prior-year period.
● Selling,
general and administrative expenses increased by $1.5 million, or 67.6%, to $3.6 million,
primarily due to an increase in professional fees, consistent with the compliance, audit,
and advisory costs the Company has incurred as a public company since its February 2025 initial
public offering. Because these costs are largely fixed while the Company’s revenue
remains relatively small, quarter-to-quarter changes in revenue can have an outsized effect
on reported operating results.
● Net
loss was $3.0 million, or $(0.70) per share, compared to a net loss of $2.8 million, or $(1.95)
per share, during the three months ended June 30, 2025. The year-over-year increase in net
loss was primarily driven by higher SG&A expenses, partially offset by the absence of
a $1.4 million non-operating settlement charge recorded in the second quarter of 2025.
● Interest
expense decreased by $52,000, or 65.0%, to $28,000, primarily due to a lower outstanding
short-term loan balance.
● Weighted
average number of common shares outstanding was 4,279,641 for the three months ended June
30, 2026, compared to 1,428,399 for the three months ended June 30, 2025.
Selected
Balance Sheet and Cash Flow Results
● As
of June 30, 2026, the Company had total cash of approximately $5.8 million, compared to $0.7
million at the same date in 2025 and $1.6 million at December 31, 2025. The increase was
primarily driven by the completion of the Company’s $7.5 million offering, which closed
on June 30, 2026.
● Net
cash used in operating activities was $2.7 million for the six months ended June 30, 2026,
compared to $7.6 million during the same period of 2025. The decrease was primarily due to
a lower net loss and a decrease in advances to a related party, partially offset by lower
non-cash adjustments for stock-based compensation and loss on extinguishment of debt.
● Net
cash used in investing activities was zero for the six months ended June 30, 2026, compared
to $0.5 million during the same period of 2025, due to the absence of capitalized software
purchases.
● Net
cash provided by financing activities was $7.0 million for the six months ended June 30,
2026, compared to $8.8 million during the same period of 2025. The decrease was primarily
driven by lower proceeds from the issuance of shares and related-party short-term loans during
the current period, partially offset by lower repayments of related-party short-term loans.
Recent
Corporate Highlights
● On
June 30, 2026, the Company closed an offering of 7,500,000 shares of common stock at a price
of $1.00 per share, for gross proceeds of approximately $7.5 million, before deducting placement
agent fees and offering expenses.
Company
Outlook
Mr.
Torres added that TEN Holdings plans to:
● Strengthen
working capital by deploying net proceeds from the Company’s recently completed offering
to enhance liquidity, improve financial flexibility, and position the Company to capitalize
on future growth opportunities.
● Expand
product development by accelerating the Company’s technology platform through enhanced
functionality, automation, analytics, and workflow capabilities designed to improve customer
engagement and scalability.
● Build
artificial intelligence capabilities by investing in AI-powered technologies, including AI-driven
analytics, automated captioning, and intent data, to enhance content creation, audience insights,
and operational efficiency across the platform.
● Pursue
key strategic acquisitions that expand the Company’s technology capabilities, recurring
revenue base, customer relationships, and overall market presence, as part of a disciplined
consolidation strategy targeted for completion by December 2026.
● Continue
to maximize its partnership with Webinar.net to penetrate new market opportunities and strengthen
its technology ecosystem.
● Recognize
revenue from the opportunities that shifted from the second quarter into the third quarter
of fiscal year 2026.
About
TEN Holdings, Inc.
The Company, through its subsidiary,
Ten Events, Inc., is a technology company headquartered in Pennsylvania that provides a virtual and hybrid event and webinar platform,
supported by production and managed services for enterprise customers. The Company’s event technology platform enables organizations
to plan, produce, and broadcast virtual and hybrid events, including webinars, town halls, investor communications, and continuing education
programs, while its production and managed services support customers throughout the event lifecycle. To learn more, visit www.tenholdingsinc.com.
FORWARD-LOOKING
STATEMENTS
Certain
statements contained in this press release may constitute “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,”
“project,” “should,” “target,” “will,” “would” and similar expressions are
intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual
results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including,
but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section
of the Company’s most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”)
and other filings with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking
statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and
TEN Holdings, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by law.
For
more information, please contact:
Investor
Relations Inquiries:
Skyline
Corporate Communications Group, LLC
Scott
Powell, President
1177
Avenue of the Americas, 5th Floor
New
York, New York 10036
Office:
(646) 893-5835
Email:
IR@skylineccg.com
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