TEN Holdings, Inc. Announces $1 Million Stock Repurchase Program
TEN Holdings (Nasdaq: XHLD) has announced a $1 million stock repurchase program effective March 17, 2025. The program, approved by the Board of Directors, allows the company to repurchase its outstanding common stock with an evergreen term.
The repurchases will be executed under a Rule 10b-18 plan, funded through cash from operations, and will be governed by market conditions and legal requirements. The program can be discontinued at any time, with no obligation to repurchase any specific amount of shares.
According to CEO Randolph Wilson Jones III, the initiative aims to strengthen shareholder returns, improve capital efficiency, and implement a flexible capital policy. The decision reflects management's confidence in the company's intrinsic long-term value and their view that current stock investment represents a promising opportunity.
TEN Holdings (Nasdaq: XHLD) ha annunciato un programma di riacquisto di azioni da 1 milione di dollari che entrerà in vigore il 17 marzo 2025. Il programma, approvato dal Consiglio di Amministrazione, consente alla società di riacquistare le proprie azioni ordinarie in circolazione con un termine evergreen.
I riacquisti saranno effettuati secondo un piano di Regola 10b-18, finanziato attraverso i fondi operativi, e saranno regolati dalle condizioni di mercato e dai requisiti legali. Il programma può essere interrotto in qualsiasi momento, senza obbligo di riacquistare un numero specifico di azioni.
Secondo il CEO Randolph Wilson Jones III, l'iniziativa mira a rafforzare i ritorni per gli azionisti, migliorare l'efficienza del capitale e implementare una politica di capitale flessibile. La decisione riflette la fiducia della direzione nel valore intrinseco a lungo termine della società e la loro opinione che l'attuale investimento azionario rappresenti un'opportunità promettente.
TEN Holdings (Nasdaq: XHLD) ha anunciado un programa de recompra de acciones de 1 millón de dólares que entrará en vigor el 17 de marzo de 2025. El programa, aprobado por la Junta Directiva, permite a la empresa recomprar sus acciones ordinarias en circulación con un término evergreen.
Las recompras se llevarán a cabo bajo un plan de Regla 10b-18, financiado a través de efectivo de operaciones, y estarán sujetas a las condiciones del mercado y a los requisitos legales. El programa puede ser interrumpido en cualquier momento, sin obligación de recomprar una cantidad específica de acciones.
Según el CEO Randolph Wilson Jones III, la iniciativa tiene como objetivo fortalecer los retornos para los accionistas, mejorar la eficiencia del capital e implementar una política de capital flexible. La decisión refleja la confianza de la dirección en el valor intrínseco a largo plazo de la empresa y su opinión de que la inversión actual en acciones representa una oportunidad prometedora.
TEN Holdings (Nasdaq: XHLD)는 2025년 3월 17일부터 시행되는 100만 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 이사회에 의해 승인되었으며, 회사가 자사의 유통 보통주를 재매입할 수 있도록 허용하는 영구적인 조건을 가지고 있습니다.
재매입은 10b-18 규칙 계획에 따라 시행되며, 운영에서 발생한 현금으로 자금을 조달하고 시장 조건 및 법적 요구 사항에 따라 운영됩니다. 이 프로그램은 언제든지 중단될 수 있으며, 특정 수량의 주식을 재매입할 의무는 없습니다.
CEO 랜돌프 윌슨 존스 3세에 따르면, 이 이니셔티브는 주주 수익을 강화하고 자본 효율성을 개선하며 유연한 자본 정책을 구현하는 것을 목표로 하고 있습니다. 이 결정은 회사의 내재적 장기 가치에 대한 경영진의 신뢰를 반영하며, 현재 주식 투자가 유망한 기회를 나타낸다고 생각하고 있습니다.
TEN Holdings (Nasdaq: XHLD) a annoncé un programme de rachat d'actions d'un million de dollars qui entrera en vigueur le 17 mars 2025. Le programme, approuvé par le Conseil d'administration, permet à l'entreprise de racheter ses actions ordinaires en circulation avec un terme evergreen.
Les rachats seront effectués dans le cadre d'un plan de Règle 10b-18, financé par des liquidités provenant des opérations, et seront régis par les conditions du marché et les exigences légales. Le programme peut être interrompu à tout moment, sans obligation de racheter un montant spécifique d'actions.
Selon le PDG Randolph Wilson Jones III, cette initiative vise à renforcer les rendements des actionnaires, à améliorer l'efficacité du capital et à mettre en œuvre une politique de capital flexible. La décision reflète la confiance de la direction dans la valeur intrinsèque à long terme de l'entreprise et leur opinion selon laquelle l'investissement actuel en actions représente une opportunité prometteuse.
TEN Holdings (Nasdaq: XHLD) hat ein Aktienrückkaufprogramm im Wert von 1 Million Dollar angekündigt, das am 17. März 2025 in Kraft tritt. Das Programm, das vom Vorstand genehmigt wurde, ermöglicht es dem Unternehmen, seine ausstehenden Stammaktien mit einer Evergreen-Laufzeit zurückzukaufen.
Die Rückkäufe werden im Rahmen eines 10b-18-Plans durchgeführt, der durch operative Mittel finanziert wird und von den Marktbedingungen sowie den gesetzlichen Anforderungen abhängt. Das Programm kann jederzeit eingestellt werden, ohne dass eine Verpflichtung zur Rückkauf einer bestimmten Anzahl von Aktien besteht.
Laut CEO Randolph Wilson Jones III zielt die Initiative darauf ab, die Renditen für die Aktionäre zu stärken, die Kapitaleffizienz zu verbessern und eine flexible Kapitalpolitik umzusetzen. Die Entscheidung spiegelt das Vertrauen des Managements in den intrinsischen langfristigen Wert des Unternehmens wider und zeigt, dass die aktuelle Aktieninvestition eine vielversprechende Gelegenheit darstellt.
- Implementation of $1 million stock buyback program indicates financial strength
- Program funded through operational cash flow, showing healthy liquidity
- Potential enhancement of shareholder value through stock repurchases
- Flexible evergreen term provides strategic advantage in timing purchases
- Relatively small buyback amount of $1 million may limit market impact
- No obligation to repurchase shares creates uncertainty about program execution
- Cash used for buybacks reduces funds available for operational growth
Under the program, the Company may, from time to time, repurchase up to
Any repurchases of the common stock of the Company will be governed by market conditions, legal requirements, and other corporate considerations.
All repurchases will be funded through cash from operations and executed under a 10b-18 plan.
The Company's purpose in establishing the program, is to strengthen shareholder returns, improve capital efficiency, and implement a flexible capital policy.
"Our decision to initiate this share repurchase program is based on our belief that investing in our common stock at this time represents a promising opportunity and is a prudent allocation of capital, and is reinforced by our confidence in the intrinsic long-term value of our business," said TEN Holdings Chief Executive Officer, Randolph Wilson Jones III.
The Company's share repurchase program may be discontinued at any time by the Board of Directors, and the Company has no obligation to repurchase any amount of its shares under the program. The program will be administered through an independent broker and will be subject to the rules of Nasdaq and applicable securities laws and regulations, including Rule 10b-18 and 10b5-1 of the Securities Exchange Act of 1934, as amended (The "Exchange Act").
About TEN Holdings, Inc.
The Company is a provider of event planning, production, and broadcasting services headquartered in Pennsylvania. The Company mainly produces virtual and hybrid events and physical events. Virtual and hybrid events involve virtual and hybrid event planning, production and broadcasting services, and continuing education services, all of which are supported by the Company's proprietary Xyvid Pro Platform. Physical events mainly involve live streaming and video recording of physical events. To learn more, visit www.tenholdingsinc.com.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the Company's registration statement filed with the
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SOURCE TEN Holdings, Inc.
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