secwatch.observer — SEC 8-K summary
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Issuer:     zSpace, Inc. (ZSPC)
CIK:        0001637147
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001104659-26-033600
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

zSpace refinances Itria debt with $1.34M loan at 18.99%, defers Fiza interest to Dec 2026
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- New $1,344,500 Itria term loan at 18.99% APR, 24-month term, second-priority lien on assets.
- Proceeds repaid two existing $1M Itria loans; prior agreements and security interests terminated.
- Fiza Amendment No. 4 defers interest payments until Dec 31, 2026; accrued interest is capitalized.
- Prepayment allowed after first month; 1.5% prepayment fee if within first 12 months.
- New loan subordinated to senior lender 3i, LP under amended intercreditor agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926033600/0001104659-26-033600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637147/000110465926033600/tm269408d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-033600

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