secwatch.observer — SEC 8-K summary
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Issuer:     zSpace, Inc. (ZSPC)
CIK:        0001637147
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001104659-26-028194
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/0001104659-26-028194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926028194/tm268721d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-028194

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