Welcome to our dedicated page for zSpace news (Ticker: ZSPC), a resource for investors and traders seeking the latest updates and insights on zSpace stock.
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zSpace (NASDAQ: ZSPC) has launched the Imagine Learning Solution, a headset-free AR/VR laptop system specifically designed for elementary education. The comprehensive solution includes specialized AR/VR laptops with zView technology, interactive software covering subjects like math, science, and language arts, curriculum-aligned lessons, and professional development support for educators.
The system features laptops with a 3-year warranty and requires no 3D glasses or headsets, making it suitable for young learners. The solution offers both classroom learning pods and school-wide labs, expanding zSpace's influence from STEM and CTE into elementary education.
A testimonial from Dr. Retha Woolfolk, former principal of M.A. Jones Elementary School, highlighted how zSpace technology enabled students to engage in engineering design processes through virtual prototyping before physical implementation. The company will showcase the solution at the Future of Education Technology Conference in Orlando, FL, January 14-17, 2025.
zSpace (ZSPC) has announced the pricing of its firm commitment initial public offering of 1,875,000 shares of Common Stock at $5.00 per share. The IPO is expected to generate gross proceeds of approximately $9.4 million before deducting underwriting costs and expenses. Trading will commence on the Nasdaq Global Market under ticker 'ZSPC' on December 5, 2024, with the offering closing on December 6, 2024.
The underwriters have a 30-day option to purchase up to 281,250 additional shares. Additionally, the company has registered for resale up to 1,997,973 shares by two securityholders, from which zSpace will not receive any proceeds.