---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-002184"
form_type: "8-K"
ticker: "ZSPC"
cik: "0001637147"
company_name: "zSpace, Inc."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T14:08:22.703194+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# zSpace enters into two secured loans totaling $2.0M at 18% interest rate with Itria Ventures

## Summary
- Two term loans of $1.1M and $0.9M from Itria Ventures LLC, maturing Feb 26, 2026.
- Interest at 18% per annum; monthly payments of ~$100,848 for the $1.1M loan.
- Loans secured by substantially all of zSpace's assets; prepayment fee of 1.5% applies.
- Proceeds to be used for working capital and business purposes.
- Loan agreements include customary negative covenants and events of default.

## SEC filing metadata
- accession: 0001558370-25-002184
- form_type: 8-K
- ticker: ZSPC
- cik: 0001637147
- company_name: zSpace, Inc.
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637147/000155837025002184/0001558370-25-002184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637147/000155837025002184/zspc-20250226x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-002184
- JSON: https://secwatch.observer/filing/0001558370-25-002184.json
- Plain text: https://secwatch.observer/filing/0001558370-25-002184.txt

## Key facts
- Debt Financings
  zSpace, Inc. incurred term loan of $1,100,000 with Itria Ventures LLC at 18.00% per year maturing February 26, 2026.
  - Instrument: term loan
  - Principal: $1,100,000
  - Counterparty: Itria Ventures LLC
  - Rate: 18.00% per year
  - Maturity: February 26, 2026
  - Event: incurrence
  source text: On February 26, 2025, zSpace, Inc. (the “Company”) entered into two Loan and Security Agreements the (“Loan Agreements”) with Itria Ventures LLC (the “Lender”). Pursuant to the Loan Agreements, the Lender provided the Company with term loans in the principal amounts of $1,100,000 and $900,000 (the “Loans”). The Loans bear interest at a rate of 18.00% per year (subject to increases upon an event of default) and are payable on a monthly basis in 12 equal installments, maturing on February 26, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637147/000155837025002184/0001558370-25-002184-index.htm
- Debt Financings
  zSpace, Inc. incurred term loan of $900,000 with Itria Ventures LLC at 18.00% per year maturing February 26, 2026.
  - Instrument: term loan
  - Principal: $900,000
  - Counterparty: Itria Ventures LLC
  - Rate: 18.00% per year
  - Maturity: February 26, 2026
  - Event: incurrence
  source text: On February 26, 2025, zSpace, Inc. (the “Company”) entered into two Loan and Security Agreements the (“Loan Agreements”) with Itria Ventures LLC (the “Lender”). Pursuant to the Loan Agreements, the Lender provided the Company with term loans in the principal amounts of $1,100,000 and $900,000 (the “Loans”). The Loans bear interest at a rate of 18.00% per year (subject to increases upon an event of default) and are payable on a monthly basis in 12 equal installments, maturing on February 26, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637147/000155837025002184/0001558370-25-002184-index.htm

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