{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-028194","form_type":"8-K","ticker":"ZSPC","cik":"0001637147","company_name":"zSpace, Inc.","filed_at":"2026-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.708688+00:00","generated_at":"2026-05-15T11:47:06.369411+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"zSpace issues $4.3M additional convertible note, repays $2M debt to same investor","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-028194","json":"https://secwatch.observer/filing/0001104659-26-028194.json","markdown":"https://secwatch.observer/filing/0001104659-26-028194.md","text":"https://secwatch.observer/filing/0001104659-26-028194.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/0001104659-26-028194-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/tm268721d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T11:47:06.369411+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cff6df0830a1f21f473f4e0c11ecb27dd93bdef0","claim":"zSpace, Inc. incurred convertible notes of $4,301,075 with an institutional investor maturing March 15, 2028.","evidence_excerpt":"the Company will issue an additional Note in the original principal amount of $4,301,075 (the “Additional Note”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/0001104659-26-028194-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$4,301,075"},{"label":"Counterparty","value":"an institutional investor"},{"label":"Maturity","value":"March 15, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c92638bd1f129beb102cb1f9103f438ca7ee6e5b","claim":"zSpace, Inc. issued convertible note to an institutional investor for original principal amount of $4,301,075.","evidence_excerpt":"On the Second Closing, the Company will issue an additional Note in the original principal amount of $4,301,075 (the “Additional Note”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/0001104659-26-028194-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"an institutional investor"},{"label":"Consideration","value":"original principal amount of $4,301,075"}],"fact_type":"equity_issuance"},{"claim_id":"14dc20412d6904ab19de7ce098f25d896d3c5349","claim":"zSpace, Inc. amended Amendment with the Investor valued at $4,301,075 (effective 2026-03-16).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/0001104659-26-028194-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the Investor"},{"label":"Value","value":"$4,301,075"},{"label":"Effective","value":"2026-03-16"}],"fact_type":"material_agreement"},{"claim_id":"aa1d9139ec8521b185d29d45bf1b5e4b01fe4312","claim":"zSpace, Inc. entered into Securities Purchase Agreement with an institutional investor valued at $13,978,495 (effective 2025-04-10).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/0001104659-26-028194-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"an institutional investor"},{"label":"Value","value":"$13,978,495"},{"label":"Effective","value":"2025-04-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}