zSpace Restructures Debt, Enters New Financial Agreements

Ticker: ZSPC · Form: 8-K · Filed: Mar 24, 2026 · CIK: 0001637147

Complexity: moderate

Sentiment: mixed

Topics: debt, agreements, financial-obligations, corporate-action

TL;DR

**zSpace just shook up its debt and agreements; big financial changes are underway.**

AI Summary

zSpace, Inc. filed an 8-K on March 24, 2026, detailing significant changes to its financial agreements, including the entry into and termination of material definitive agreements, and the creation of new direct financial obligations. This matters to investors because these actions, reported under Items 1.01, 1.02, and 2.03, indicate a restructuring of the company's financial commitments, which could impact its liquidity, future profitability, and overall financial health.

Why It Matters

This filing signals a potential shift in zSpace's financial strategy, which could affect its operational flexibility and long-term value for shareholders.

Risk Assessment

Risk Level: medium — The filing indicates significant changes to financial obligations, which inherently carries risk regarding the terms and impact on the company's financial stability.

Analyst Insight

A smart investor would closely examine the exhibits (EX-10.1, EX-10.2, EX-10.3) referenced in the filing to understand the specific terms of the new and terminated agreements and the nature of the financial obligations, as these details are crucial for assessing the company's future financial health.

Key Players & Entities

FAQ

What specific items were reported in this 8-K filing by zSpace, Inc.?

zSpace, Inc. reported under Item 1.01: Entry into a Material Definitive Agreement, Item 1.02: Termination of a Material Definitive Agreement, and Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, with a Period of Report of 2026-03-19.

When was this 8-K filing accepted by the SEC?

The 8-K filing by zSpace, Inc. was accepted by the SEC on 2026-03-24 at 08:01:07.

Filing Stats: 1,238 words · 5 min read · ~4 pages · Grade level 11.9 · Accepted 2026-03-24 08:01:07

Key Financial Figures

Filing Documents

01

Item 1.01 Entry into a Material Definitive Agreement . Itria Refinancing On March 19, 2026, zSpace, Inc. (the "Company"), entered into a new Loan and Security Agreement the ("New Loan Agreement") with Itria Ventures LLC (the "Lender") in connection with the refinancing of all of its outstanding debt with the Lender. Pursuant to the New Loan Agreement, the Lender agreed to provide the Company with a term loan in the principal amount of $1,344,500 (the "New Loan") at an interest rate of 18.99% per year. The New Loan is payable on a monthly basis in 24 equal installments, maturing on the 24-month anniversary of the funding date. The proceeds of the New Loan were used to refinance and pay off in full the two existing Loan and Security Agreements dated August 20, 2025, which had original principal amounts of $1,000,000 each. In connection with this refinancing, the Company, the Lender, and the Company's existing senior lender (the "Senior Lender"), entered into an amended intercreditor agreement (the "Intercreditor Agreement") to maintain the subordinated status of the New Loan, pursuant to which, among other things, Itria subordinated its security interest in the assets of the Company to the security interest of the Senior Lender and agreed to certain covenants limiting its ability to declare an event of default under the New Loan Agreement The Company may prepay the New Loan in full at any time after the first month of the term, subject to a prepayment fee equal to 1.5% of the unpaid principal balance if the New Loan is prepaid within the first 12 months of the term. The New Loan is secured by a second priority lien on substantially all of the Company's assets and is guaranteed by the Company's two wholly owned subsidiaries -- zSpace Technologies (Shanghai) Ltd. and zSpace K.K. The New Loan Agreement contains standard representations, warranties and affirmative covenants, including relating to use of proceeds and information rights. In addition, the New Loan Ag

02 Termination of a Material Definitive Agreement

Item 1.02 Termination of a Material Definitive Agreement. In connection with the entry into the New Loan Agreement described in Item 1.01 above, the Company repaid all outstanding principal, accrued interest, and applicable fees under the two prior Loan and Security Agreements with Itria Ventures LLC dated August 20, 2025. Upon such repayment, those prior agreements and the related security interests and guarantees were terminated.

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . The information provided in Item 1.01 of this Current Report on Form 8-K related to the New Loan is incorporated by reference into this

Financial Statements and Exhibits

Financial Statements and Exhibits . (d) Exhibits The following documents are attached as exhibits to this Current Report on Form 8-K: Exhibit No. Exhibit Description 10.1 Business Loan and Security Agreement by and between Itria Ventures LLC and zSpace, Inc. in the amount of $1,344,500 dated March 19, 2026. 10.2 Intercreditor Agreement among Itria Ventures LLC, zSpace, Inc. and 3i, LP, dated March 19, 2026. 10.3 Amendment No. 4 dated March 22, 2026 to Loan and Security Agreement dated July 11, 2024, by and between zSpace, Inc. and Fiza Investments Limited. 104 Cover Page Interactive Data File (embedded with the inline XBRL document) Schedules and exhibits to this Exhibit omitted pursuant to Regulation S-K Item 601(b)(2). The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 24, 2026 zSpace, Inc. By: /s/ Erick DeOliveira Erick DeOliveira Chief Financial Officer

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