Form 8-K Summary: TEN Holdings, Inc.
TEN Holdings, Inc. (XHLD) filed an 8-K reporting the termination of a material settlement agreement with Sunpeak Holdings Corporation (SHC).
- Transaction: The Company settled its obligations under a previous agreement (which involved SHC buying Company payables for stock consideration).
- Cost: TEN paid SHC $250,000 cash on October 30, 2025, to terminate the arrangement.
- Liability Shift: Per the new Release Agreement, the Company assumes liability for any remaining creditor claims SHC had not yet satisfied.
- **Status: