zSpace, Inc. director Amit S. Jain reported a routine equity compensation event. On July 1, 2026, he exercised 135 restricted stock units into an equal number of shares of common stock at a stated price of $0.00 per share, reflecting vesting of prior awards rather than an open‑market purchase. After this transaction, he directly holds 673 shares of common stock and 403 restricted stock units. The footnotes note that these RSUs were granted on April 1, 2026 under the company’s 2024 Equity Incentive Plan and annual director compensation policy, and that all share and unit amounts have been adjusted for a 1‑for‑25 reverse stock split effective April 20, 2026.
zSpace, Inc. director Joanna Morris exercised restricted stock units that vested into 135 shares of Common Stock on July 1, 2026. These RSUs were granted on April 1, 2026 under the 2024 Equity Incentive Plan and the board’s annual compensation policy, and were adjusted for the company’s 1-for-25 reverse stock split effective April 20, 2026. After the transaction, she directly holds 673 shares of Common Stock and 403 RSUs, reflecting a compensation-related vesting rather than an open-market trade.
zSpace, Inc. restructured about $12.0 million of debt owed to 3i, LP and Fiza Investments Limited through a mix of equity, new preferred stock and amended note terms. 3i converted $2,000,000 of senior secured notes into common stock at $0.2385 per share and accepted a nine‑month conversion moratorium plus a nine‑month amortization schedule on the remaining note.
Fiza converted $7,201,694.89 of principal into common stock at $0.2385 and $2,802,220.87 of interest into 2,802,221 shares of new Series P‑2 Convertible Preferred Stock with an 18% annual cumulative dividend. The company also cut authorized Series P preferred shares to 2,000,000, reset their conversion price to $1.00, and created up to 3,000,000 Series P‑2 shares, which rank senior to common and carry delayed, ownership‑capped conversion rights.
zSpace, Inc. reported Q1 2026 revenue of $5.3M, down from $6.8M a year earlier, with hardware and services declining while software was roughly flat. Net loss widened to $6.6M, though Adjusted EBITDA improved to a loss of $2.1M from $4.4M.
Cash, cash equivalents and restricted cash were $2.9M against total liabilities of $35.9M, leaving a stockholders’ deficit of $25.4M. Management states that recurring losses, negative operating cash flow and upcoming debt obligations raise “substantial doubt” about the company’s ability to continue as a going concern absent refinancing and new capital.
To address liquidity, zSpace issued $3.0M of Series P Preferred Stock (carrying an 18% PIK dividend and recorded as a $2.6M liability), completed an additional $4.3M Senior Secured Convertible Note, refinanced a $1.3M term loan, and converted $1.8M of convertible debt and interest into 278,374 common shares. A 1‑for‑25 reverse stock split was approved and effected after quarter‑end, and a large number of shares are reserved for potential future issuance under notes, preferred stock, warrants, equity plans and an equity line of credit.
zSpace, Inc. reported first quarter 2026 results and announced a formal review of strategic alternatives to maximize long-term shareholder value. Revenue was $5.3 million, down from $6.8 million a year earlier, mainly due to war-related delays and returns of EMEA orders tied to the Iran conflict.
Gross margin improved to 53%, up 570 basis points year over year, helped by better hardware costs and more company-owned software content. Operating expenses excluding stock-based compensation fell to $5.2 million from $7.6 million, and adjusted EBITDA loss narrowed to ($2.1) million from ($4.4) million, showing tighter cost control.
Bookings were $6.1 million, down 8% year over year, with backlog at $3.8 million. Annualized contract value for renewable software was $10.1 million, 13% lower than a year ago but slightly above December 31, 2025. zSpace ended March 31, 2026 with $2.9 million in cash, cash equivalents and restricted cash, up from $1.1 million a year earlier.
zSpace, Inc.: AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report beneficial ownership of 187,618 shares of Common Stock, representing 12.13% of the class (CUSIP 98980W206). The filing lists shared voting and dispositive power for the 187,618 shares. The report is signed by an authorized signatory on 05/07/2026.
zSpace, Inc. reporting persons 3i, 3i Management LLC and Maier Joshua Tarlow disclose collective beneficial ownership of 336,211 shares, representing 9.99% of Common Stock based on 3,039,272 shares outstanding as of April 14, 2026. The position includes 10,000 shares held directly and up to 326,211 shares issuable upon conversion of senior secured convertible notes with an aggregate principal amount of approximately $6.6 million. The filing notes a 1-for-25 reverse stock split effective April 20, 2026, and that 3i delivered notice on April 20, 2026 to increase the notes' beneficial ownership limitation (a "Blocker") from 4.99% to 9.99%, effective 61 days thereafter.
zSpace, Inc. reports that Nasdaq’s Listing Qualifications staff has determined to delist its common stock from the Nasdaq Capital Market after the shares traded at or below $0.10 for ten consecutive trading days during an existing bid-price compliance period.
The company had already implemented a 1‑for‑25 reverse stock split, effective April 20, 2026, to regain compliance with the $1.00 minimum bid price rule. Nasdaq plans to suspend trading in the stock on April 28, 2026 and file a Form 25‑NSE to remove the securities from listing and registration.
zSpace plans to appeal the staff determination to a Nasdaq Hearings Panel by April 28, 2026. A timely appeal would stay the Form 25‑NSE and removal from listing, but would not prevent the trading suspension. The company cautions there is no assurance the appeal will succeed.
AQR Capital Management Holdings, LLC and AQR Capital Management LLC, as ten percent owners of zSpace, Inc., reported indirect trading in the company’s common stock through investment vehicles they control. On April 15, 2026, they made an open-market purchase of 860,716 shares at a weighted average price of $0.071 per share and sold 7,117 shares at the same weighted average price. On April 16, 2026, they sold an additional 161 shares at a weighted average price of $0.087 per share. After these net buying activities, they indirectly held 4,756,327 shares of zSpace common stock across managed funds and accounts.
zSpace, Inc. received an initial ownership report from AQR Capital Management entities. The filing shows beneficial ownership of 3,902,845 shares of common stock, held indirectly through funds, managed accounts, or other investment vehicles over which AQR exercises investment discretion and/or voting control.