zSpace raises $3M in initial closing of up to $10M PIPE, issues Series P Preferred and warrants

zSpace, Inc.

• On Jan 23, 2026, zSpace signed a Securities Purchase Agreement with an institutional investor for up to $10M in Series P Preferred Stock and warrants.
• At initial closing on Jan 27, 2026, investor purchased 1.5M shares of Series P Preferred at $2.00/share and warrants for 1M shares at $3.00 exercise price for $3M.
• Series P Preferred carries an 18% annual cumulative dividend payable in additional Preferred shares, and holders may convert after 3 years.
• zSpace filed a Certificate of Designations establishing the Series P Preferred Stock, with up to 5M shares authorized.
• The securities were issued in a private placement exempt from registration under Section 4(a)(2) and Rule 506.