zSpace restructures $12M debt via equity conversion; creates Series P-2 preferred

zSpace, Inc.

Converted $2M of 3i debt into common at $0.2385/share; remaining note amended with 9-month moratorium then 9 monthly installments.
Fiza converted $10M debt ($7.2M principal + $2.8M interest) into common at $0.2385/share and 2.8M Series P-2 preferred at $1.00/share.
Series P-2 preferred: 18% cumulative annual dividend, convertible after 3 years at $1.00/share, votes as-converted with common.
Series P convertible preferred authorized shares cut from 5M to 2M; conversion price reduced to $1.00/share.
All obligations under First Note and Fiza notes fully discharged; transactions closed May 28, 2026.

item 1.01 item 1.02 item 2.03 item 3.02 item 5.03 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001104659-26-068595
form_type: 8-K
ticker: ZSPC
cik: 0001637147
company_name: zSpace, Inc.
filed_at: 2026-06-01T12:00:56+00:00
discovered_at: 2026-06-01T12:05:00.309639+00:00
generated_at: 2026-06-01T12:06:48.951877+00:00
sec_items: ["1.01", "1.02", "2.03", "3.02", "5.03", "9.01"]
event_type: other_material
sentiment: negative
materiality_score: 0.8
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secwatch_canonical_url: https://secwatch.observer/filing/0001104659-26-068595
json_url: https://secwatch.observer/filing/0001104659-26-068595.json
markdown_url: https://secwatch.observer/filing/0001104659-26-068595.md
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edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1637147/000110465926068595/tm2616116d1_8k.htm
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