zSpace lowers convertible note floor price to $0.22; relaxes equity conditions

zSpace, Inc.

Amendment #2 to $13.98M senior secured convertible note with 3i, LP effective Jan 8, 2026.
Floor price reduced from $0.60 to $0.22 per share; increases potential dilution.
Equity conditions: minimum 20-day VWAP lowered from $0.75 to $0.30.
Average daily trading volume condition remains $200K; other terms unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

zSpace, Inc. amended Amendment #2 to Senior Secured Convertible Note with an institutional investor (effective 2026-01-08).

Action: amendment
Agreement: notes offering
Counterparty: an institutional investor
Effective: 2026-01-08

Exact text from the filing

On January 8, 2026 (the “Effective Date”), zSpace, Inc. (the “Company”) entered into an Amendment #2 to Senior Secured Convertible Note (the “Amendment”) with an institutional investor (the “Holder”), which amends the terms of the Senior Secured Convertible Note in the original principal amount of $13,978,495, dated April 11, 2025 (the “Note”), previously issued by the Company to the Holder pursuant to a Securities Purchase Agreement with the Holder dated April 10, 2025, as amended.

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zSpace, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-002478

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