{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-002478","form_type":"8-K","ticker":"ZSPC","cik":"0001637147","company_name":"zSpace, Inc.","filed_at":"2026-01-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.708097+00:00","generated_at":"2026-05-16T11:04:04.316035+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"zSpace lowers convertible note floor price to $0.22; relaxes equity conditions","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-002478","json":"https://secwatch.observer/filing/0001104659-26-002478.json","markdown":"https://secwatch.observer/filing/0001104659-26-002478.md","text":"https://secwatch.observer/filing/0001104659-26-002478.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1637147/000110465926002478/0001104659-26-002478-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1637147/000110465926002478/tm262702d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:04:04.316035+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":"23e1b2e14ea9f91aef67cc936129cbdc9aee05ee","claim":"zSpace, Inc. amended Amendment #2 to Senior Secured Convertible Note with an institutional investor (effective 2026-01-08).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1637147/000110465926002478/0001104659-26-002478-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"an institutional investor"},{"label":"Effective","value":"2026-01-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}