zSpace Raises Additional $4.3M Convertible Note to Repay Debt
zSpace issued a $4,301,075 senior secured convertible note on March 16, 2026, under its April 2025 financing agreement. Net proceeds will repay existing debt and boost working capital to support ongoing investment in its AR/VR learning platform.
1. Note Issuance Details
zSpace issued a $4,301,075 senior secured convertible note on March 16, 2026, under the terms of its existing securities purchase agreement. The note is convertible into shares of common stock at predetermined conversion rates.
2. Use of Proceeds and Debt Reduction
Net proceeds from the additional note will be used to repay a portion of outstanding debt, enhance the company’s working capital position and support general corporate purposes, including continued investment in its immersive learning platform.
3. Financing Background and Capital Structure Impact
This issuance follows the original $13.978 million senior secured convertible note closed on April 11, 2025. The additional funding underscores the company’s efforts to strengthen its balance sheet and maintain financial flexibility while scaling its AR/VR educational solutions.