secwatch.observer — SEC 8-K summary
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Issuer:     zSpace, Inc. (ZSPC)
CIK:        0001637147
Form:       8-K
Filed at:   2025-07-08T23:59:59+00:00
Accession:  0001104659-25-066464
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

zSpace enters $30M equity line with Tumim Stone Capital; can sell shares over 24 months
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- Up to $30M of newly issued common stock may be sold to Tumim over 24 months at company's discretion.
- Sales limited by 19.99% Exchange Cap unless shareholder approval obtained; Tumim capped at 4.99% ownership.
- Net proceeds planned for operating expenses, working capital, and general corporate purposes.
- Company to file registration statement for resale of shares issued under the Purchase Agreement.
- Minimum stock price of $0.01 required; at least three trading days between purchase notices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637147/000110465925066464/0001104659-25-066464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637147/000110465925066464/tm2520105d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-066464

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