zSpace, Inc. (ZSPC): debt financing — zSpace issues $4.3M additional convertible note, repays $2M debt to same investor

zSpace, Inc.

Amendment to SPA enables multiple closings; second closing occurred March 16, 2026.
Second Note principal $4,301,075, convertible at $0.28/share (floor $0.05), maturing March 15, 2028.
Net proceeds: ~$2M to repay existing debt to investor 3i, LP; balance for working capital.
Investor waived $214,285.71 in accrued interest and any make-whole amount on the first note.
Total potential Notes under SPA up to $21.5M; $18.3M aggregate principal now issued.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

zSpace, Inc. incurred convertible notes of $4,301,075 with an institutional investor maturing March 15, 2028.

Instrument: convertible notes
Principal: $4,301,075
Counterparty: an institutional investor
Maturity: March 15, 2028
Event: incurrence

Exact text from the filing

the Company will issue an additional Note in the original principal amount of $4,301,075 (the “Additional Note”)

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

zSpace, Inc. issued convertible note to an institutional investor for original principal amount of $4,301,075.

Security: convertible note
Purchaser: an institutional investor
Consideration: original principal amount of $4,301,075

Exact text from the filing

On the Second Closing, the Company will issue an additional Note in the original principal amount of $4,301,075 (the “Additional Note”).

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

zSpace, Inc. amended Amendment with the Investor valued at $4,301,075 (effective 2026-03-16).

Action: amendment
Agreement: equity purchase
Counterparty: the Investor
Value: $4,301,075
Effective: 2026-03-16

Exact text from the filing

On March 16, 2026, the Company entered into an amendment to the Securities Purchase Agreement (the “Amendment”) providing for, among other things, multiple closings pursuant to the Securities Purchase Agreement, rather than a total of two closings.

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

zSpace, Inc. entered into Securities Purchase Agreement with an institutional investor valued at $13,978,495 (effective 2025-04-10).

Action: entry
Agreement: equity purchase
Counterparty: an institutional investor
Value: $13,978,495
Effective: 2025-04-10

Exact text from the filing

On April 10, 2025, zSpace, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an institutional investor (the “Investor”), pursuant to which the Company sold, and the Investor purchased, a senior secured convertible note issued by the Company (the “Note,” and such financing, the “Convertible Note Financing”) in the original principal amount of $13,978,495

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101 debt financings filed in the last 30 days. Browse all debt financings →

zSpace, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-028194

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