zSpace issues additional $4.3 million convertible note

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Go back to zSpace issues additional $4.3 million convertible note

zSpace, Inc. Announces Additional $4.3 Million Senior Secured Convertible Note Issuance

March 17, 2026 8:00 AM EDT

Company to use proceeds to repay a portion of existing debt and support working capital

SAN JOSE, Calif., March 17, 2026 (GLOBE NEWSWIRE) -- zSpace, Inc. (NASDAQ: ZSPC), a leading provider of augmented and virtual reality (AR/VR) solutions for education, today announced that it has issued an additional $4,301,075 senior secured convertible note to an institutional investor pursuant to the terms of its previously announced securities purchase agreement.

The additional note was issued on March 16, 2026 under the companys previously announced senior secured convertible note financing, originally entered into on April 10, 2025. Under that... More