LANGHORNE, PA — TEN Holdings, Inc. (Nasdaq: XHLD) has authorized a stock repurchase program, effective March 17, 2025, allowing the company to buy back up to $1 million worth of its outstanding common stock.
The initiative, with an evergreen term, will leverage cash from operations to fund repurchases. Transactions will fall under Rule 10b-18 of the Securities Exchange Act of 1934 and be managed through an independent broker. The program’s execution will depend on market conditions, legal considerations, and corporate priorities.
TEN Holdings’ Board of Directors emphasized the program’s objectives of strengthening shareholder returns, enhancing capital efficiency, and adopting a flexible capital strategy. CEO Randolph Wilson Jones III commented on the decision, stating, “Investing in our common stock at this time represents a promising opportunity and is a prudent allocation of capital, reinforced by our confidence in the intrinsic long-term value of our business.”
The company clarified that the program could be discontinued at any time, and there is no obligation to repurchase any specific amount of shares. This move underscores TEN Holdings’ commitment to delivering value to its shareholders while prioritizing financial flexibility.
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