zSpace, Inc. Form 8-K Filing

zSpace, Inc. has entered into an amendment to a securities purchase agreement concerning a senior secured convertible note financing. Originally, the company sold a note for $13,978,495, convertible into common stock. The amendment allows for multiple closings instead of just two. A second closing is anticipated on March 16, 2026, where an additional note of $4,301,075 will be issued. Proceeds from this additional note will be used to repay $2,000,000 of existing debt owed to the investor, with the remainder for working capital and general corporate purposes. The new note has a maturity date of March 15, 2028, an initial conversion price of $0.28 per share, and a floor price of $0.05 per share. This filing also incorporates information regarding the creation of a direct financial obligation and unregistered sales of equity securities.