zSpace Plans 1-for-25 Reverse Split Converting 75.98M into 3.04M Shares
zSpace will execute a 1-for-25 reverse stock split at market open April 21, 2026, converting 75.98M shares into roughly 3.04M shares to regain Nasdaq minimum bid price compliance. Board approval occurred on March 11, 2026, with shareholder consent secured two days later.
1. Reverse Stock Split Details
On April 21, 2026 market open, zSpace will implement a 1-for-25 reverse split of its common stock, converting every 25 pre-split shares into one post-split share. The new CUSIP is 98980W206, and trading will continue under the existing symbol on the Nasdaq Capital Market.
2. Rationale and Approvals
The reverse split aims to raise the per-share trading price to meet Nasdaq's minimum bid requirement. The board approved the measure on March 11, 2026 and stockholders granted written consent on March 13, 2026.
3. Share Conversion and Procedures
The 75,981,805 pre-split shares will become approximately 3,039,272 shares post-split, with fractional shares rounded up to the next whole share. Registered book-entry holders require no action; certificated shareholders will receive instructions from the transfer agent, while brokers and banks will handle street name accounts.
4. Company Overview
zSpace provides augmented and virtual reality learning solutions to over 3,500 educational institutions, holds more than 80 patents, and focuses on STEM and workforce development. Headquartered in San Jose, the company delivers immersive 3D virtual reality experiences proven to improve student engagement and outcomes.