Recent Updates — XHLD
TEN Holdings, Inc. appointed Ms. Yee Won Hiew to its Board of Directors effective September 16, 2026, filling the vacancy left by Randolph Wilson Jones III's departure in May 2026. Ms. Hiew also joined the Audit and Nominating committees and will receive a $10,000 annual retainer. Concurrently, the Board terminated its existing share repurchase program initiated in March 2025 and authorized a new program allowing up to $2 million in common stock buybacks. TEN Holdings operates in the automotive aftermarket industry.
TEN Holdings, Inc. announced that Mr. Gan Yong Sheng will not stand for re-election to the Board of Directors at the end of his current term following the 2026 Annual Meeting of Stockholders. This departure is a routine change in board composition and does not involve key executive officers or contested governance matters. TEN Holdings, Inc. operates in the automotive industry, providing vehicle maintenance and repair services.
TEN Holdings, Inc. terminated four service agreements effective July 20, 2026, citing strategic shifts. The terminated contracts include the RyuShin Advisors LLC Follow-On Offering Advisory Agreement and the PeakValue, LLC Master Services Agreement, both effective immediately. The Cherish Gloss Group Limited Capital Market Services Agreement will terminate on October 18, 2026, following a 90-day notice, and the Jipsy Trade Limited Consultancy Agreement will terminate on August 19, 2026, following a 30-day notice. Additionally, Director Yuji Ishida resigned from the Board and Audit Committee effective July 23, 2026, with no disagreements reported. Kevin Cheong Jia Jin was appointed to the Board and Compensation Committee effective July 24, 2026, receiving a $10,000 annual cash retainer. TEN Holdings, Inc. is a holding company involved in various strategic business operations.
TEN Holdings, Inc. announced it believes it has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum of $2,500,000 in stockholders' equity. This follows a deficiency letter received in May 2026. The company achieved compliance by closing a registered direct offering of 7,500,000 shares of common stock on June 30, 2026, generating approximately $6.6 million in net proceeds. Nasdaq will continue to monitor the company's compliance in future periodic reports to determine if delisting is necessary. The company operates in the health and wellness industry, providing various consumer products.
TEN Holdings, Inc. filed an 8-K/A to supplement the compensation package for newly appointed CEO and Chairman of the Board, Virgilio Torres. The Board's Compensation Committee approved an increase in his annual base salary from $265,000 to $400,000 effective June 30, 2026, a one-time cash bonus of $200,000 expected to be paid in 2027, and a one-time grant of 120,000 stock options with an exercise price of $1.89 per share, alongside a cash-settled performance award of $200,000. TEN Holdings, Inc. operates in the hospitality and leisure industry, providing various lodging and travel-related services.