secwatch.observer — SEC 8-K summary
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Issuer:     zSpace, Inc. (ZSPC)
CIK:        0001637147
Form:       8-K
Filed at:   2025-08-22T23:59:59+00:00
Accession:  0001104659-25-081940
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

zSpace secures $2M in debt financing from Itria Ventures at 18%-18.99%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637147/000110465925081940/0001104659-25-081940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637147/000110465925081940/tm2524137d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-081940

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