On March 16, 2026, zSpace, Inc. (NASDAQ: ZSPC) reported an amendment to its Securities Purchase Agreement with an institutional investor, allowing for multiple closings instead of a limited number. This amendment facilitates a second closing on the same day, where zSpace will issue an additional senior secured convertible note worth $4,301,075. The proceeds from this issuance will be utilized to repay approximately $2 million of existing debt owed to the investor and for general corporate purposes. The terms of the additional note are similar to the previous note, with a maturity date set for March 15, 2028, and an initial conversion price of $0.28 per share, subject to a floor price of $0.05 per share. This financing is expected to enhance zSpace's liquidity position and support its operational needs moving forward.

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