{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-096673","form_type":"8-K","ticker":"ZSPC","cik":"0001637147","company_name":"zSpace, Inc.","filed_at":"2025-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.006046+00:00","generated_at":"2026-05-17T04:45:23.313573+00:00","sec_items":["3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"zSpace receives Nasdaq delisting notice for MVPHS below $15M","bullets":["Notice received Oct 1, 2025; MVPHS below $15M for 30 consecutive business days.","Company has 180 days, until March 30, 2026, to regain compliance with Rule 5450(b)(2)(C).","To comply, MVPHS must close at $15M+ for 10 consecutive business days.","zSpace evaluating options, including transfer from Nasdaq Global Market to Capital Market.","Failure to regain compliance may lead to delisting and potential appeal to Hearings Panel."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-096673","json":"https://secwatch.observer/filing/0001104659-25-096673.json","markdown":"https://secwatch.observer/filing/0001104659-25-096673.md","text":"https://secwatch.observer/filing/0001104659-25-096673.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1637147/000110465925096673/0001104659-25-096673-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1637147/000110465925096673/tm2527911d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:45:23.313573+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":"5059d34038ef5286d98cf81b0a84f1e58a3368da","claim":"zSpace, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C)).","evidence_excerpt":"October 1, 2025, zSpace, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the continued listing requirement set forth in Nasdaq Listing Rule 5450(b)(2)(C), which requires listed companies to maintain a minimum market value of publicly held shares (“MVPHS”) of at least $15,000,000. Based on the Staff’s review of the Company’s MVPHS, the Company’s MVPHS was below $15 million for the previous 30 consecutive business days. The Notice","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1637147/000110465925096673/0001104659-25-096673-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"market value"},{"label":"Rules","value":"5450(b)(2)(C)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}