other material
confidence high
sentiment neutral
materiality 0.80
zSpace prices $9.4M IPO at $5/share, lists on Nasdaq Dec 5 under 'ZSPC'
zSpace, Inc.
- Sold 1,875,000 shares at $5; underwriters exercised full over-allotment of 281,250 shares.
- Gross proceeds approximately $10.8M; net proceeds ~$8.3M for growth, product development, and working capital.
- Common stock began trading on Nasdaq Global Market on Dec 5, 2024 under ticker ZSPC.
- Four new directors appointed: Joanna Morris, Abhay Pande, Angela Galardi Prince, and Jane Swift.
- Lock-up agreements: 365 days for three controlling stockholders; 180 days for executives and others.