secwatch.observer — SEC 8-K summary
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Issuer:     zSpace, Inc. (ZSPC)
CIK:        0001637147
Form:       8-K
Filed at:   2025-10-17T23:59:59+00:00
Accession:  0001104659-25-100452
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637147/000110465925100452/0001104659-25-100452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637147/000110465925100452/tm2528843d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-100452

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer