---
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"
generated_at: "2026-06-01T12:06:48.951877+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637147/000110465926068595/0001104659-26-068595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637147/000110465926068595/tm2616116d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-068595
- JSON: https://secwatch.observer/filing/0001104659-26-068595.json
- Plain text: https://secwatch.observer/filing/0001104659-26-068595.txt

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