zSpace, Inc. Amends IPO Registration Statement
Ticker: ZSPC · Form: S-1/A · Filed: Jul 22, 2024 · CIK: 1637147
Sentiment: neutral
Topics: ipo, sec-filing, amendment
TL;DR
zSpace IPO filing updated. Details on financials and offering terms now available.
AI Summary
zSpace, Inc. filed an S-1/A amendment on July 22, 2024, for its initial public offering. The company, incorporated in Delaware, is seeking to register its securities under the Securities Act of 1933. The filing provides updated information regarding the company's business, financial condition, and the terms of the offering.
Why It Matters
This S-1/A filing provides updated details for investors considering zSpace, Inc.'s initial public offering, offering a clearer picture of the company's financial health and strategic direction.
Risk Assessment
Risk Level: medium — As an S-1/A filing, it represents a company going public, which inherently carries higher risks than established public companies.
Key Numbers
- 333-280427 — SEC File Number (Identifies this specific registration filing with the SEC.)
- 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)
Key Players & Entities
- zSpace, Inc. (company) — Registrant
- July 22, 2024 (date) — Filing Date
- 333-280427 (other) — SEC File Number
- Paul Kellenberger (person) — Chief Executive Officer
- San Jose, California (location) — Principal Executive Offices
FAQ
What is the primary purpose of this S-1/A filing?
The primary purpose of this S-1/A filing by zSpace, Inc. is to amend its initial registration statement for an upcoming initial public offering (IPO).
When was this amendment filed with the SEC?
This amendment (S-1/A) was filed with the Securities and Exchange Commission on July 22, 2024.
Who is the Chief Executive Officer of zSpace, Inc. mentioned in the filing?
Paul Kellenberger is listed as the Chief Executive Officer of zSpace, Inc.
What is the principal executive office address for zSpace, Inc.?
The principal executive offices of zSpace, Inc. are located at 55 Nicholson Lane, San Jose, California 95134.
What is the SEC file number associated with this registration statement?
The SEC file number associated with this registration statement is 333-280427.
Filing Stats: 4,589 words · 18 min read · ~15 pages · Grade level 14.6 · Accepted 2024-07-22 17:05:45
Key Financial Figures
- $4.50 — l public offering price will be between $4.50 and $5.50 per share. We have applied
- $5.50 — ffering price will be between $4.50 and $5.50 per share. We have applied to list ou
- $2,038,665 — suable upon the automatic conversion of $2,038,665 of a SAFE Agreement immediately prior t
- $5 — If the initial public offering price is $5.00, which is the midpoint of the range
- $21.4 billion — M) for the K-12 market is approximately $21.4 billion in the United States, $29.0 billion in
- $29.0 billion — ely $21.4 billion in the United States, $29.0 billion in Europe, Middle East and Africa regio
- $5.6 billion — iddle East and Africa region (EMEA) and $5.6 billion in the Asia Pacific region (APAC) and t
- $6.2 billion — TAM for the CTE market is approximately $6.2 billion in the United States, $5.4 billion in E
- $5.4 billion — tely $6.2 billion in the United States, $5.4 billion in EMEA and $0.8 billion in APAC, with
- $0.8 billion — United States, $5.4 billion in EMEA and $0.8 billion in APAC, with an overall global TAM of
- $68 billion — h an overall global TAM of greater than $68 billion. Our TAM for the K-12 market is an esti
- $142.4 billion — ucation technology market was valued at $142.4 billion in 2023 and is expected to grow at a co
- $252 billion — et is expected to grow at a 37% CAGR to $252 billion by 2028 compared to $28 billion in 2021
- $28 billion — AGR to $252 billion by 2028 compared to $28 billion in 2021. Markets and Markets Research p
- $14.2 billion — education market globally will grow to $14.2 billion by 2028 (CAGR of 30% from 2023). Over
Filing Documents
- tm244059-13_s1a.htm (S-1/A) — 3588KB
- tm244059d15_ex1-1.htm (EX-1.1) — 235KB
- tm244059d15_ex3-2.htm (EX-3.2) — 15KB
- tm244059d15_ex3-5.htm (EX-3.5) — 207KB
- tm244059d15_ex4-1.htm (EX-4.1) — 3KB
- tm244059d15_ex4-2.htm (EX-4.2) — 131KB
- tm244059d15_ex5-1.htm (EX-5.1) — 20KB
- tm244059d15_ex10-4.htm (EX-10.4) — 37KB
- tm244059d15_ex10-5.htm (EX-10.5) — 33KB
- tm244059d15_ex10-6.htm (EX-10.6) — 31KB
- tm244059d15_ex10-17.htm (EX-10.17) — 25KB
- tm244059d15_ex10-34.htm (EX-10.34) — 105KB
- tm244059d15_ex10-35.htm (EX-10.35) — 82KB
- tm244059d15_ex10-36.htm (EX-10.36) — 8KB
- tm244059d15_ex10-37.htm (EX-10.37) — 70KB
- tm244059d15_ex10-38.htm (EX-10.38) — 397KB
- tm244059d15_ex23-1.htm (EX-23.1) — 2KB
- tm244059d15_ex-filingfees.htm (EX-FILING FEES) — 40KB
- lg_zspace-4c.jpg (GRAPHIC) — 7KB
- pht_inspire-4clr.jpg (GRAPHIC) — 34KB
- pht_learningplatform-4c.jpg (GRAPHIC) — 163KB
- pht_legacy-4clr.jpg (GRAPHIC) — 44KB
- pht_ourcompany-4c.jpg (GRAPHIC) — 44KB
- tm244059d15_ex5-1img001.jpg (GRAPHIC) — 36KB
- tmb-20240715xex4d1g001.jpg (GRAPHIC) — 112KB
- 0001104659-24-081543.txt ( ) — 5638KB
RISK FACTORS
RISK FACTORS 17 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 50
USE OF PROCEEDS
USE OF PROCEEDS 51 DIVIDEND POLICY 52 CAPITALIZATION 53
DILUTION
DILUTION 55 MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 58
BUSINESS
BUSINESS 81 MANAGEMENT 90 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 106 PRINCIPAL STOCKHOLDERS 111 SELLING STOCKHOLDERS 114
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK 117 SHARES ELIGIBLE FOR FUTURE RESALE 123 MATERIAL UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS FOR NON-UNITED STATES HOLDERS OF OUR COMMON STOCK 126
UNDERWRITING
UNDERWRITING 130 LEGAL MATTERS 139 EXPERTS 139 WHERE YOU CAN FIND MORE INFORMATION 139 INDEX TO FINANCIAL STATEMENTS F-1 You should rely only on the information contained in this prospectus and in any free writing prospectus that we have authorized for use in connection with this offering. Neither we, the selling stockholders described herein (the "Selling Stockholders"), nor the underwriters have authorized any other person to provide you with additional or different information. If anyone provides you with different or inconsistent information, you should not rely on it. We, the Selling Stockholders, and the underwriters take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. Neither we, the Selling Stockholders, nor the underwriters are making an offer to sell these securities in any jurisdiction where an offer or sale is not permitted. You should assume that the information in this prospectus is accurate only as of the date on the front cover of this prospectus, regardless of the time of delivery of this prospectus or any sale of our common stock. Our business, financial condition, results of operations and prospects may have changed since that date. For investors outside of the United States: Neither we, the Selling Stockholders, nor any of the underwriters have done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside of the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of the shares of our common stock and the distribution of this prospectus outside of the United States. i TABLE OF CONTENTS NON-GAAP FINANCIAL MEASURES We prepare our consolidated financial statements in accordance with accounting principles generall