[8-K] TEN Holdings, Inc. Reports Material Event
TEN Holdings engaged MicroCap Advisory under a six-month market awareness agreement to provide investor communications and a multi-step outreach program including positioning, media planning, and campaign execution.
Compensation includes a $15,000 setup fee and $100,000 per month beginning one week after execution. The company will issue 500,000 fully earned warrants exercisable at $0.40 per share for two years, with anti-dilution adjustments and cashless exercise if unregistered. Either party may terminate after 60 days upon 30 days' written notice. No warrants have been issued yet; the company expects to issue them by the end of 2025.
TEN Holdings ha ingaggiato MicroCap Advisory con un accordo di sei mesi per attivit脿 di market awareness per fornire comunicazioni agli investitori e un programma di outreach in pi霉 fasi comprendente posizionamento, pianificazione media ed esecuzione della campagna.
La remunerazione comprende un onere di avviamento di $15,000 e $100,000 al mese a partire da una settimana dopo la firma. La societ脿 emetter脿 500,000 warrant interamente maturati esercitabili a $0.40 per azione per due anni, con adeguamenti anti-diluizione e possibilit脿 di esercizio cashless in caso di mancata registrazione. Ciascuna parte pu貌 recedere dopo 60 giorni con un preavviso scritto di 30 giorni. I warrant non sono ancora stati emessi; la societ脿 prevede di farlo entro la fine del 2025.
TEN Holdings contrat贸 a MicroCap Advisory bajo un acuerdo de seis meses de concienciaci贸n de mercado para proporcionar comunicaciones a inversores y un programa de divulgaci贸n en varios pasos que incluye posicionamiento, planificaci贸n de medios y ejecuci贸n de la campa帽a.
La compensaci贸n incluye una tarifa de implementaci贸n de $15,000 y $100,000 por mes a partir de una semana despu茅s de la firma. La compa帽铆a emitir谩 500,000 warrants totalmente devengados ejercitables a $0.40 por acci贸n durante dos a帽os, con ajustes anti-diluci贸n y ejercicio 'cashless' si no est谩n registrados. Cualquiera de las partes puede rescindir despu茅s de 60 d铆as mediante un aviso escrito con 30 d铆as de antelaci贸n. A煤n no se han emitido warrants; la compa帽铆a espera emitirlos antes de finales de 2025.
TEN Holdings電� 6臧滌洈臧勳潣 鞁滌灔 鞚胳霃� 瓿勳暯鞙茧 MicroCap Advisory毳� 瓿犾毄頃� 韴瀽鞛� 旎る雼堨紑鞚挫厴瓿� 韽靺旊嫕, 氙鸽敂鞏� 旮绊殟 氚� 旌犿帢鞚� 鞁ろ枆鞚� 韽暔頃� 雼る嫧瓿� 鞎勳泝毽箻 頂勲攴鸽灗鞚� 鞝滉车氚涥赴搿� 頄堨姷雼堧嫟.
氤挫垬电� $15,000鞚� 靺嬱梾 牍勳毄瓿� 瓿勳暯 觳搓舶 1欤� 頉勲秬韯� 鞁滌瀾霅橂姅 鞗� $100,000鞚� 韽暔頃╇媹雼�. 須岇偓電� 鞕勳爠 攴�靻嶋悳 500,000臧滌潣 鞗岆煱韸�毳� 欤茧嫻 $0.40搿� 2雲勱皠 頄夓偓頃� 靾� 鞛堧弰搿� 氚滍枆頃� 鞓堨爼鞚措┌, 頋劃 氚╈ 臁办爼 氚� 牍勲摫搿� 鞁� 順勱笀 氙胳旮� 氚╈嫕(cashless)鞙茧 頄夓偓頃� 靾� 鞛堨姷雼堧嫟. 鞏措姁 飒� 雼轨偓鞛愲摖 60鞚� 頉勳棎電� 30鞚� 靹滊┐ 韱奠搿� 瓿勳暯鞚� 頃挫頃� 靾� 鞛堨姷雼堧嫟. 鞎勳 鞗岆煱韸鸽姅 氚滍枆霅橃 鞎婌晿鞙茧┌, 須岇偓電� 2025雲� 毵愱箤歆� 氚滍枆頃� 瓴冹溂搿� 鞓堨儊頃╇媹雼�.
TEN Holdings a engag茅 MicroCap Advisory dans le cadre d'un accord de six mois visant 脿 accro卯tre la notori茅t茅 sur le march茅 afin d'assurer les communications aux investisseurs et un programme de sensibilisation en plusieurs 茅tapes incluant le positionnement, la planification m茅dia et l'ex茅cution de la campagne.
La r茅mun茅ration comprend des frais d'installation de $15,000 et $100,000 par mois 脿 compter d'une semaine apr猫s la signature. La soci茅t茅 茅mettra 500,000 warrants enti猫rement acquis exer莽ables 脿 $0.40 par action pendant deux ans, avec des ajustements anti-dilution et un exercice cashless en cas de non-enregistrement. Chaque partie peut r茅silier apr猫s 60 jours moyennant un pr茅avis 茅crit de 30 jours. Aucun warrant n'a encore 茅t茅 茅mis ; la soci茅t茅 pr茅voit de les 茅mettre d'ici la fin 2025.
TEN Holdings verpflichtete MicroCap Advisory im Rahmen einer sechsmonatigen Marktbekanntheitsvereinbarung, um Investorenkommunikation und ein mehrstufiges Outreach-Programm einschlie脽lich Positionierung, Mediaplanung und Kampagnenumsetzung bereitzustellen.
Die Verg眉tung umfasst eine Einrichtungsgeb眉hr von $15,000 und $100,000 pro Monat, zahlbar ab einer Woche nach Vertragsunterzeichnung. Das Unternehmen wird 500.000 vollst盲ndig erworbene Warrants ausgeben, die f眉r zwei Jahre zum Preis von $0.40 je Aktie aus眉bbar sind, mit Anti-Dilution-Anpassungen und der M枚glichkeit eines cashless Exercise, falls nicht registriert. Jede Partei kann nach 60 Tagen mit einer schriftlichen Frist von 30 Tagen k眉ndigen. Es wurden noch keine Warrants ausgegeben; das Unternehmen rechnet damit, sie bis Ende 2025 auszugeben.
- Company engaged a specialized advisor to execute a defined investor communications and market awareness program.
- Agreement includes a termination mechanism allowing either party to end after 60 days upon 30 days' written notice.
- Warrants are fully described with anti-dilution adjustments and cashless exercise provisions, clarifying conversion mechanics.
- Immediate cash commitment of a $15,000 setup fee plus $100,000 per month, creating near-term cash outflows.
- Potential dilution from issuance of 500,000 warrants exercisable at $0.40 for two years.
- Warrants not yet issued but expected by end of 2025, representing a contingent equity issuance that will affect capitalization when issued or exercised.
Insights
TL;DR The agreement creates recurring cash outlays and a potential dilutive equity issuance that are material to small-cap cash flow and capitalization.
The engagement commits the company to a six-month program with a $15,000 setup fee and $100,000 monthly payments, which represent immediate cash obligations beginning one week after execution. The issuance of 500,000 warrants exercisable at $0.40 for two years introduces potential dilution and contingent equity that will affect share count if exercised. The termination clause permits exit after an initial period, which limits long-term obligation but does not eliminate near-term cash burn or contingent dilution. Investors should note the company has not yet issued the warrants but expects to do so by the end of 2025.
TL;DR The agreement signals proactive investor outreach, but it carries measurable costs and a defined equity kicker requiring disclosure and monitoring.
The contract formalizes an IR campaign with detailed deliverables including positioning and media planning. Structurally, compensation combines cash and warrants with anti-dilution protections and cashless exercise rights, which is typical for advisory arrangements when securities are unregistered. The mutual termination right after 60 days plus 30 days' notice offers flexibility. The agreement is material in that it affects operating cash flows and the company鈥檚 potential capital structure through the 500,000-warrant issuance expected by year-end.
TEN Holdings ha ingaggiato MicroCap Advisory con un accordo di sei mesi per attivit脿 di market awareness per fornire comunicazioni agli investitori e un programma di outreach in pi霉 fasi comprendente posizionamento, pianificazione media ed esecuzione della campagna.
La remunerazione comprende un onere di avviamento di $15,000 e $100,000 al mese a partire da una settimana dopo la firma. La societ脿 emetter脿 500,000 warrant interamente maturati esercitabili a $0.40 per azione per due anni, con adeguamenti anti-diluizione e possibilit脿 di esercizio cashless in caso di mancata registrazione. Ciascuna parte pu貌 recedere dopo 60 giorni con un preavviso scritto di 30 giorni. I warrant non sono ancora stati emessi; la societ脿 prevede di farlo entro la fine del 2025.
TEN Holdings contrat贸 a MicroCap Advisory bajo un acuerdo de seis meses de concienciaci贸n de mercado para proporcionar comunicaciones a inversores y un programa de divulgaci贸n en varios pasos que incluye posicionamiento, planificaci贸n de medios y ejecuci贸n de la campa帽a.
La compensaci贸n incluye una tarifa de implementaci贸n de $15,000 y $100,000 por mes a partir de una semana despu茅s de la firma. La compa帽铆a emitir谩 500,000 warrants totalmente devengados ejercitables a $0.40 por acci贸n durante dos a帽os, con ajustes anti-diluci贸n y ejercicio 'cashless' si no est谩n registrados. Cualquiera de las partes puede rescindir despu茅s de 60 d铆as mediante un aviso escrito con 30 d铆as de antelaci贸n. A煤n no se han emitido warrants; la compa帽铆a espera emitirlos antes de finales de 2025.
TEN Holdings電� 6臧滌洈臧勳潣 鞁滌灔 鞚胳霃� 瓿勳暯鞙茧 MicroCap Advisory毳� 瓿犾毄頃� 韴瀽鞛� 旎る雼堨紑鞚挫厴瓿� 韽靺旊嫕, 氙鸽敂鞏� 旮绊殟 氚� 旌犿帢鞚� 鞁ろ枆鞚� 韽暔頃� 雼る嫧瓿� 鞎勳泝毽箻 頂勲攴鸽灗鞚� 鞝滉车氚涥赴搿� 頄堨姷雼堧嫟.
氤挫垬电� $15,000鞚� 靺嬱梾 牍勳毄瓿� 瓿勳暯 觳搓舶 1欤� 頉勲秬韯� 鞁滌瀾霅橂姅 鞗� $100,000鞚� 韽暔頃╇媹雼�. 須岇偓電� 鞕勳爠 攴�靻嶋悳 500,000臧滌潣 鞗岆煱韸�毳� 欤茧嫻 $0.40搿� 2雲勱皠 頄夓偓頃� 靾� 鞛堧弰搿� 氚滍枆頃� 鞓堨爼鞚措┌, 頋劃 氚╈ 臁办爼 氚� 牍勲摫搿� 鞁� 順勱笀 氙胳旮� 氚╈嫕(cashless)鞙茧 頄夓偓頃� 靾� 鞛堨姷雼堧嫟. 鞏措姁 飒� 雼轨偓鞛愲摖 60鞚� 頉勳棎電� 30鞚� 靹滊┐ 韱奠搿� 瓿勳暯鞚� 頃挫頃� 靾� 鞛堨姷雼堧嫟. 鞎勳 鞗岆煱韸鸽姅 氚滍枆霅橃 鞎婌晿鞙茧┌, 須岇偓電� 2025雲� 毵愱箤歆� 氚滍枆頃� 瓴冹溂搿� 鞓堨儊頃╇媹雼�.
TEN Holdings a engag茅 MicroCap Advisory dans le cadre d'un accord de six mois visant 脿 accro卯tre la notori茅t茅 sur le march茅 afin d'assurer les communications aux investisseurs et un programme de sensibilisation en plusieurs 茅tapes incluant le positionnement, la planification m茅dia et l'ex茅cution de la campagne.
La r茅mun茅ration comprend des frais d'installation de $15,000 et $100,000 par mois 脿 compter d'une semaine apr猫s la signature. La soci茅t茅 茅mettra 500,000 warrants enti猫rement acquis exer莽ables 脿 $0.40 par action pendant deux ans, avec des ajustements anti-dilution et un exercice cashless en cas de non-enregistrement. Chaque partie peut r茅silier apr猫s 60 jours moyennant un pr茅avis 茅crit de 30 jours. Aucun warrant n'a encore 茅t茅 茅mis ; la soci茅t茅 pr茅voit de les 茅mettre d'ici la fin 2025.
TEN Holdings verpflichtete MicroCap Advisory im Rahmen einer sechsmonatigen Marktbekanntheitsvereinbarung, um Investorenkommunikation und ein mehrstufiges Outreach-Programm einschlie脽lich Positionierung, Mediaplanung und Kampagnenumsetzung bereitzustellen.
Die Verg眉tung umfasst eine Einrichtungsgeb眉hr von $15,000 und $100,000 pro Monat, zahlbar ab einer Woche nach Vertragsunterzeichnung. Das Unternehmen wird 500.000 vollst盲ndig erworbene Warrants ausgeben, die f眉r zwei Jahre zum Preis von $0.40 je Aktie aus眉bbar sind, mit Anti-Dilution-Anpassungen und der M枚glichkeit eines cashless Exercise, falls nicht registriert. Jede Partei kann nach 60 Tagen mit einer schriftlichen Frist von 30 Tagen k眉ndigen. Es wurden noch keine Warrants ausgegeben; das Unternehmen rechnet damit, sie bis Ende 2025 auszugeben.
FAQ
What did TEN Holdings (XHLD) disclose in this 8-K?
How much will TEN Holdings pay MicroCap Advisory?
What equity compensation is included for MicroCap Advisory?
Have the warrants been issued and when will they be issued?
Can TEN or the advisor terminate the agreement early?
