secwatch.observer — SEC 8-K summary
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Issuer:     zSpace, Inc. (ZSPC)
CIK:        0001637147
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001104659-26-007978
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 5.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926007978/0001104659-26-007978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926007978/tm264035d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-007978

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