Ten Holdings shares surge 12.75% intraday after announcing partnership with Webinar.net to accelerate Ten Events Pro development.

TEN Holdings surged 12.75% intraday after announcing a strategic partnership with Webinar.net to accelerate development of its Ten Events Pro platform. The collaboration triples development speed, enables immediate integrations with enterprise tools, and is projected to reduce 2026 operating expenses by $1.2–$1.7 million, enhancing financial efficiency and market competitiveness. Executives highlighted the platform’s potential to capture market share faster and deliver long-term shareholder value through advanced AI-driven engagement features and expanded scalability. The partnership, positioned as a “turning point,” aligns with the company’s focus on innovation and disciplined growth, directly addressing evolving demand in the virtual events sector. This news, coupled with forward-looking guidance on cost savings and revenue acceleration, likely drove the sharp intraday rally.