zSpace, Inc. Files S-1 for Public Offering
Ticker: ZSPC · Form: S-1 · Filed: Jun 24, 2024 · CIK: 1637147
Sentiment: neutral
Topics: ipo, registration-statement, software
TL;DR
zSpace, Inc. just filed an S-1, looks like they're going public.
AI Summary
zSpace, Inc., a Delaware-based company specializing in prepackaged software, filed an S-1 registration statement with the SEC on June 21, 2024. The filing indicates the company is preparing to offer securities to the public. zSpace, Inc. is located at 55 Nicholson Lane, San Jose, California, with Paul Kellenberger serving as Chief Executive Officer.
Why It Matters
This S-1 filing signals zSpace, Inc.'s intention to become a publicly traded company, which could lead to increased capital for expansion and potentially impact its market position and investor base.
Risk Assessment
Risk Level: medium — As an S-1 filing, it represents a company seeking to go public, which inherently carries risks associated with market volatility, regulatory scrutiny, and the company's ability to meet public market expectations.
Key Numbers
- 333-280427 — SEC File Number (Identifies this specific SEC filing.)
- 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)
Key Players & Entities
- zSpace, Inc. (company) — Registrant
- 20240621 (date) — Filing Date
- Delaware (jurisdiction) — State of Incorporation
- 7372 (industry_code) — Standard Industrial Classification
- 35-2284050 (tax_id) — IRS Employer Identification No.
- 55 Nicholson Lane, San Jose, California 95134 (address) — Principal Executive Offices
- Paul Kellenberger (person) — Chief Executive Officer
- 333-280427 (sec_file_number) — SEC File Number
FAQ
What is the purpose of this S-1 filing?
The S-1 filing is a registration statement required by the SEC for companies planning to offer securities to the public.
When was this S-1 filing submitted?
The S-1 filing was submitted to the SEC on June 21, 2024.
What is zSpace, Inc.'s primary business classification?
zSpace, Inc. is classified under SERVICES-PREPACKAGED SOFTWARE with SIC code 7372.
Who is the Chief Executive Officer of zSpace, Inc.?
Paul Kellenberger is the Chief Executive Officer of zSpace, Inc.
Where are zSpace, Inc.'s principal executive offices located?
The principal executive offices of zSpace, Inc. are located at 55 Nicholson Lane, San Jose, California 95134.
Filing Stats: 4,555 words · 18 min read · ~15 pages · Grade level 14.5 · Accepted 2024-06-21 21:29:46
Key Financial Figures
- $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
- $27.3 million — 2, our revenue in the United States was $27.3 million and our revenue outside of the United S
- $8.4 m — evenue outside of the United States was $8.4 million, representing 76% and 24% of our
- $38.7 million — 3, our revenue in the United States was $38.7 million and our revenue outside of the United S
- $5.2 m — evenue outside of the United States was $5.2 million, representing 88% and 12% of our
Filing Documents
- tm244059-10_s1.htm (S-1) — 3506KB
- tm244059d11_ex3-1.htm (EX-3.1) — 166KB
- tm244059d11_ex3-2.htm (EX-3.2) — 61KB
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- tm244059d11_ex-filingfees.htm (EX-FILING FEES) — 13KB
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- 0001104659-24-074045.txt ( ) — 8735KB
RISK FACTORS
RISK FACTORS 16 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 48
USE OF PROCEEDS
USE OF PROCEEDS 49 DIVIDEND POLICY 50 CAPITALIZATION 51
DILUTION
DILUTION 53 MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 55
BUSINESS
BUSINESS 77 MANAGEMENT 86 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 102 PRINCIPAL STOCKHOLDERS 107
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK 110 SHARES ELIGIBLE FOR FUTURE RESALE 116 MATERIAL UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS FOR NON-UNITED STATES HOLDERS OF OUR COMMON STOCK 119
UNDERWRITING
UNDERWRITING 123 LEGAL MATTERS 132 EXPERTS 132 WHERE YOU CAN FIND MORE INFORMATION 132 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 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 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 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 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 generally accepted in the United States ("GAAP"). We also supplement our consolidated financial statements with non-GAAP financial measures in this prospectus, in