Amendment to the Terms of a Loan Agreement with Financial Covenants
V-cube,Inc. and consolidated subsidiary TEN Holdings, Inc.
Syndicated loan agreement relating to funding for the acquisition of shares in TEN Events, Inc. (this borrowing)
The monetization of assets associated with TEN's exclusion from the consolidated scope continues to be delayed, and the Company expects to clarify its repayment policy through the planned fund-raising by third-party allotment in June 2026.
The impact of this matter on the Company's consolidated results is expected to be immaterial.
The Company will raise funds through the third-party allotment planned for June 2026, firmly implement various financial measures, and promptly rebuild its financial foundation.
If any matters requiring disclosure arise, the Company will promptly disclose them.
| Item | Details |
|---|---|
| Event name | Amendment to the Terms of a Loan Agreement with Financial Covenants |
| Date of occurrence | 30 April 2026 (the date on which the terms of the agreement were amended) |
| Subject Entity | V-cube,Inc. and consolidated subsidiary TEN Holdings, Inc. |
| Target Locations / Products | Syndicated loan agreement relating to funding for the acquisition of shares in TEN Events, Inc. (this borrowing) |
| Cause | The monetization of assets associated with TEN's exclusion from the consolidated scope continues to be delayed, and the Company expects to clarify its repayment policy through the planned fund-raising by third-party allotment in June 2026. |
| Impact on Earnings Forecast | The impact of this matter on the Company's consolidated results is expected to be immaterial. |
| Outlook | The Company will raise funds through the third-party allotment planned for June 2026, firmly implement various financial measures, and promptly rebuild its financial foundation. |
| Planned follow-up disclosure | If any matters requiring disclosure arise, the Company will promptly disclose them. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In addition to delays in monetizing assets associated with TEN's exclusion from the consolidated scope, the Company now expects to be able to clarify its repayment policy by raising funds through a third-party allotment in June 2026.