TEN Holdings Unveils $2 Million Share Buyback Plan and New Tech Link with GLSoft Corp.

TEN Holdings Announces Strategic Developments

On September 16, 2026, TEN Holdings, Inc. (NASDAQ: XHLD) revealed plans for a significant $2 million share repurchase initiative, coupled with the establishment of a strategic technology relationship with GLSoft Corp. Through its subsidiary, Ten Events, Inc., TEN Holdings aims to capitalize on these moves to enhance its enterprise-grade webcast and virtual event offerings.

$2 Million Share Repurchase Program

The newly sanctioned share buyback program permits TEN Holdings to repurchase up to $2 million of its own common stock. This initiative might involve different methods, including open-market transactions or privately negotiated deals. Investors should note that the timing and extent of buys will depend on market conditions, the stock's trading price, and other relevant factors. This new program also leads to the termination of the past repurchase plan managed by Bancroft Capital, LLC.

Virgilio Torres, Chairman and CEO, emphasized the importance of this share repurchase initiative in aligning capital allocation with strategic growth. He stated, "Following the strengthening of our balance sheet earlier this year, we believe it is essential to maintain a disciplined approach to capital allocation. This authorization allows us to evaluate opportunistic repurchases when we believe they represent an attractive use of capital."

Strategic Partnership with GLSoft Corp.

In addition to the repurchase plan, TEN Holdings aims to forge a strategic alliance with GLSoft Corp., tapping into their engineering and software development capabilities. This partnership will provide TEN Holdings with the flexibility to enhance product engineering, tech development, and platform integrations without binding the company to specific long-term commitments.

"Expanding our technology and engineering capabilities is crucial for our vision for TEN Holdings," Torres stated, further elaborating on the company’s ambition to evolve from traditional virtual event services toward a more scalable technological platform. The collaboration with GLSoft is set to enrich TEN Holdings’ capabilities, enabling them to accelerate product development and explore innovative technologies.

Vision for Future Growth

This strategic move aligns with TEN Holdings' broader objective of investing in advanced technologies including automation, AI, and analytics to enhance platform scalability and market reach. The company’s extensive experience in delivering reliable corporate broadcasts for Fortune 500 companies further strengthens its standing in the virtual events space, targeting enhancements that cater to a growing demand for sophisticated digital interaction solutions.

Conclusion

As TEN Holdings embarks on this ambitious path towards technology integration and stock repurchase, it sets its sights on maintaining flexibility in capital allocation while fostering significant growth through innovation and strategic partnerships. With a reliable infrastructure that has proven capable of supporting vast audiences, TEN Holdings is geared toward fulfilling its evolution in delivering enhanced virtual experiences, positioning itself effectively in an increasingly competitive market.

In a world where digital engagements are becoming paramount, TEN Holdings is committed to bridging technology and user experience, ensuring that their offerings not only meet but exceed client expectations. By leveraging new tech collaborations and strategic financial decisions, TEN Holdings illustrates a proactive approach to navigating future opportunities and challenges in the tech landscape.