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.

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