secwatch.observer — SEC 8-K summary
======================================

Issuer:     zSpace, Inc. (ZSPC)
CIK:        0001637147
Form:       8-K
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0001104659-26-002478
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926002478/0001104659-26-002478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926002478/tm262702d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-002478

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