Ten Holdings Inc. entered into a Purchase Agreement with Lincoln Park Capital Fund, LLC on June 23, 2025, allowing Lincoln Park to purchase up to $20.0 million in shares of Ten Holdings' common stock. The exact number of shares and price per share are not specified, but transactions are subject to certain limitations and Nasdaq rules, including an Exchange Cap of 19.99% of outstanding shares unless certain conditions are met. The sales will occur over a 24-month period and are contingent on various factors including market conditions and the trading price of the stock.
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