TEN Holdings, (XHLD) Announces $1 Million Stock Repurchase Program

TEN Holdings, Inc. ("XHLD" or the "Company") (Nasdaq: XHLD), a provider of event planning, production, and broadcasting services, today announces that its board of directors (the "Board of Directors") has authorized a stock repurchase program, effective March 17, 2025.

Under the program, the Company may, from time to time, repurchase up to $1 million worth of its outstanding shares of common stock with an evergreen term.

Any repurchases of the common stock of the Company will be governed by market conditions, legal requirements, and other corporate considerations.

All repurchases will be funded through cash from operations and executed under a 10b-18 plan.

The Company's purpose in establishing the program, is to strengthen shareholder returns, improve capital efficiency, and implement a flexible capital policy.

"Our decision to initiate this share repurchase program is based on our belief that investing in our common stock at this time represents a promising opportunity and is a prudent allocation of capital, and is reinforced by our confidence in the intrinsic long-term value of our business," said TEN Holdings Chief Executive Officer, Randolph Wilson Jones III.

The Company's share repurchase program may be discontinued at any time by the Board of Directors, and the Company has no obligation to repurchase any amount of its shares under the program. The program will be administered through an independent broker and will be subject to the rules of Nasdaq and applicable securities laws and regulations, including Rule 10b-18 and 10b5-1 of the Securities Exchange Act of 1934, as amended (The "Exchange Act").

You May Also Be Interested In

• BofA Securities Starts ProQR Therapeutics N.V. (PRQR) at Buy
• SharonAI completes first phase of $950M cloud infrastructure deal
• Electra extends Glencore cobalt supply deal through 2031