{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-081940","form_type":"8-K","ticker":"ZSPC","cik":"0001637147","company_name":"zSpace, Inc.","filed_at":"2025-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.536523+00:00","generated_at":"2026-05-17T10:34:17.451362+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"zSpace secures $2M in debt financing from Itria Ventures at 18%-18.99%","bullets":["Two term loans of $1M each from Itria Ventures, aggregate $2M (less fees).","First loan at 18.00% APR, 15-month term, 15 monthly payments of $74,944.36.","Second loan at 18.99% APR, 18-month term, 18 equal monthly payments.","Loans secured by second-priority lien on substantially all assets, subordinated to existing senior lender (3i, LP).","Prepayment after first month with 1.5% fee within first 12 months; proceeds for working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-081940","json":"https://secwatch.observer/filing/0001104659-25-081940.json","markdown":"https://secwatch.observer/filing/0001104659-25-081940.md","text":"https://secwatch.observer/filing/0001104659-25-081940.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1637147/000110465925081940/0001104659-25-081940-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1637147/000110465925081940/tm2524137d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:34:17.451362+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6eaf5a8efe8c599914f44a319d26fb21d218cc7e","claim":"zSpace, Inc. incurred term loan of $1,000,000 each for an aggregate total of $2,000,000 with Itria Ventures LLC at 18.00% per year and 18.99% per year maturing 15-month anniversary and 18-month anniversary of the funding date.","evidence_excerpt":"On August 20, 2025, zSpace, Inc. (the “Company”) entered into two Loan and Security Agreements the (“Loan Agreements”) with Itria Ventures LLC (the “Lender”). Pursuant to the Loan Agreements, the Lender agreed to provide the Company with two term loans in the principal amounts of $1,000,000 each (the “Loans”) for an aggregate total of $2,000,000 (less fees payable to the Lender). One of the Loans bears interest at a rate of 18.00% per year and is payable on a monthly basis in 15 equal installments, maturing on the 15-month anniversary of the funding date. The second Loan bears interest at a rate of 18.99% per year and is payable on a monthly basis in 18 equal installments, maturing on the 18-month anniversary of the funding date.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1637147/000110465925081940/0001104659-25-081940-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1,000,000 each for an aggregate total of $2,000,000"},{"label":"Counterparty","value":"Itria Ventures LLC"},{"label":"Rate","value":"18.00% per year and 18.99% per year"},{"label":"Maturity","value":"15-month anniversary and 18-month anniversary of the funding date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}