WestPark Capital Announces Closing of $7.5 Million Follow On Offering for TEN Holdings, Inc. (Nasdaq: XHLD)

LOS ANGELES--(BUSINESS WIRE)--WestPark Capital, a Los Angeles based international investment banking and securities brokerage firm, announces the completion of a $7.5 million follow on offering for TEN Holdings, Inc. (Nasdaq: XHLD). The company through its subsidiary, Ten Events, Inc. is a provider of event planning, production, and broadcasting services. The offering consisted of the sale of 7.5 million shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"). Each share of Common Stock was sold at an offering price of $1.00 per share. The gross proceeds to the Company from the Offering were approximately $7.5 million, before deducting placement agent fees and other Offering expenses payable by the Company.

WestPark Capital, Inc. was the sole placement agent for the Offering.

The shares of Common Stock were offered by the Company pursuant to an effective registration statement on Form S-1, as amended (File No. 333-294896), which was initially filed with the U.S. Securities and Exchange Commission (the "SEC") on April 6, 2026, and declared effective by the SEC on June 26, 2026 and an additional registration statement filed pursuant to Rule 462(b) which became automatically effective on June 26, 2026 (collectively, the "Registration Statements").

The Offering was made only by means of the prospectus forming part of the Registration Statements relating to the Offering. A preliminary prospectus relating to this Offering and a final prospectus relating to and describing the final terms of the Offering were filed with the SEC and are available on the SEC's website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About WestPark Capital

WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark Capital provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, CMPOs, RDs, SIPOs and corporate finance advisory services.