TEN Holdings, which provides event planning and production for virtual, hybrid, and physical events, raised $10 million by offering 1.7 million shares at $6, the high end of the range of $4 to $6. The company offered 0.8 million fewer shares than anticipated.
TEN Holdings' parent company is V-Cube, a Japanese corporate communications platform that provides software and services which make it easier for remote workforces to conference and communicate. TEN Holdings focuses primarily on virtual and hybrid event planning and production, and has supported approximately 3,000 events that have collectively attracted roughly 4.5 million attendees to date. The company's flagship product is the Xyvid Pro Platform, which is an internet-based broadcast platform that provides interactive engagement tools that provide online audiences a dynamic and interactive experience.
TEN Holdings plans to list on the Nasdaq under the symbol XHLD. Bancroft Capital acted as sole bookrunner on the deal.
