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Stock impact report

TEN Holdings Announces $2.25 Million Private Placement of Common Stock [Yahoo! Finance]

TEN Holdings, Inc. (XHLD) 
Company Research Source: Yahoo! Finance
Events, Inc., a provider of event planning, production, and broadcasting services, announced today that it entered into stock purchase agreements with certain investors for the purchase and sale of 991,000 shares (the "Shares") of the Company's common stock, at a price of $2.27 per share, resulting in gross proceeds of approximately $2.25 million. The Company intends to use the net proceeds from the private placement for repayment of certain existing debt obligations and working capital and general corporate purposes. The Shares issued, or to be issued, in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company has agreed to file a resale registration statement with the SEC for purposes of registering the resale of the Shares issued in connection with the private placement. This press r Show less Read more
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