secwatch.observer — SEC 8-K summary
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Issuer:     zSpace, Inc. (ZSPC)
CIK:        0001637147
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001558370-25-002184
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637147/000155837025002184/0001558370-25-002184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637147/000155837025002184/zspc-20250226x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-002184

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