zSpace amends convertible note, lowers floor price to $0.60, settles past defaults

zSpace, Inc.

Amendment reduces Floor Price from $1.98 to $0.60; VWAP condition lowered to $0.75, volume condition to $200K.
Company to pay $509,494 cash by Oct 16 and $108,937 by Nov 14 to satisfy Cash True-Up Amounts from missed installments.
Holder waived all known past Events of Default and default rate interest through the effective date.
Annual meeting elected directors Joanna Morris, Abhay Pande, Angela Prince, Jane Swift; ratified UHY LLP as auditor.
Stockholders approved issuance of shares under the April 11 convertible note and the July 7 Common Stock Purchase Agreement.

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