V-cube launches special probe into TEN unit’s USD 5.4 million advisory fees

• V-cube set up a special investigation committee to review issues tied to advisory fees paid by former consolidated unit TEN Holdings in fiscal 2025.
• TEN paid about USD 5.4 million to four firms for capital policy advisory work following its February 2025 Nasdaq listing.
• V-cube recorded USD 3.4 million of those fees as prepaid expenses as of end-December 2025.
• February 2026 findings showed former representative director Naoaki Mashita issued a letter committing V-cube financial support for the fees without board approval.
• V-cube will assess earnings impact based on committee progress, amid ongoing talks toward a definitive agreement with Japan Innovation Investment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. V-cube Inc. published the original content used to generate this news brief on April 24, 2026, and is solely responsible for the information contained therein.