TEN Holdings cuts offering to 5M shares, net proceeds fall to $5.4M; adds Nasdaq delisting risk

Filed June 23, 2026 · Compared to S-1/A Jun 3, 2026 · ~1 min read

Key Changes

• high

  Offering size reduced from 8M to 5M shares, cutting estimated net proceeds from $10.0M to $5.4M.

  Use of Proceeds verify on EDGAR →
• high

  New risk factor discloses Nasdaq deficiency notice and potential delisting if minimum stockholders' equity requirement is not met.

  Risk Factors verify on EDGAR →
• high

  Assumed offering price lowered to $1.25 from $1.41, increasing immediate dilution to new investors to $0.49 per share from $0.43.

  Dilution verify on EDGAR →