---
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"
generated_at: "2026-05-15T11:47:06.369411+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# zSpace issues $4.3M additional convertible note, repays $2M debt to same investor

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-028194
- JSON: https://secwatch.observer/filing/0001104659-26-028194.json
- Plain text: https://secwatch.observer/filing/0001104659-26-028194.txt

## Key facts
- Debt Financings
  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
  source text: the Company will issue an additional Note in the original principal amount of $4,301,075 (the “Additional Note”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/0001104659-26-028194-index.htm
- Equity Issuances
  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
  source text: On the Second Closing, the Company will issue an additional Note in the original principal amount of $4,301,075 (the “Additional Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/0001104659-26-028194-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/0001104659-26-028194-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/0001104659-26-028194-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.