{"filing":{"accession_number":"0001104659-26-068595","cik":"0001637147","ticker":"ZSPC","company_name":"zSpace, Inc.","form":"8-K","filing_date":"2026-06-01","report_date":null,"primary_document":"tm2616116d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1637147/000110465926068595/tm2616116d1_8k.htm"},"events":[{"id":7704,"run_id":6768,"accession_number":"0001104659-26-068595","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.88,"summary":"zSpace completed a material debt restructuring involving the conversion of approximately $12.0 million in outstanding indebtedness into equity, including Common Stock and newly created Series P-2 Convertible Preferred Stock with 18% cumulative dividends and liquidation preferences. The restructuring with 3i ($2.0 million) and Fiza ($10.0 million) materially alters the company's capital structure, ownership, and financial obligations.","company_name":"zSpace, Inc.","ticker":"ZSPC","filing_date":"2026-06-01","form":"8-K","submitted_at":null,"items":[{"id":3004,"accession_number":"0001104659-26-068595","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.92,"reasoning":"This disclosure describes a material debt restructuring involving the conversion of approximately $12.0 million in outstanding indebtedness into equity (Common Stock and newly created Series P-2 Convertible Preferred Stock). While technically structured as debt conversion agreements rather than a traditional M\u0026A transaction, the substance involves a significant capital restructuring that materially alters the company's capital structure and ownership. The conversion of $2.0 million from 3i and $10.0 million from Fiza, combined with amendments to existing preferred stock terms and creation of new preferred stock with substantial rights (18% cumulative dividends, liquidation preferences, voting rights), represents a material transaction that would affect a reasonable investor's assessment of the registrant's financial position and ownership structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T02:14:49.643496+00:00","company_name":"","ticker":null,"filing_date":""},{"id":3005,"accession_number":"0001104659-26-068595","item_number":"1.02","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"Item 1.02 discloses termination of material debt obligations through restructuring and conversion transactions with 3i and Fiza. The language \"fully satisfied, discharged, and cancelled\" and \"extinguished in their entirety\" indicates completion of material debt restructuring activities that would be incorporated from Item 1.01, which typically covers material acquisitions, dispositions, or changes in control. This represents a material change in the company's capital structure and financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T02:14:49.643496+00:00","company_name":"","ticker":null,"filing_date":""},{"id":3006,"accession_number":"0001104659-26-068595","item_number":"2.03","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Item 2.03 incorporates Item 1.01 by reference, which covers entry into a material definitive agreement or other event triggering a direct financial obligation. The cross-reference structure indicates a material transaction (likely M\u0026A, financing, or significant contract) that creates financial obligations. Without the full Item 1.01 text, ma_activity is the most probable classification given the incorporation pattern and the materiality threshold of Item 2.03 disclosures.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T02:14:49.643496+00:00","company_name":"","ticker":null,"filing_date":""},{"id":3007,"accession_number":"0001104659-26-068595","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 3.02 explicitly addresses \"Unregistered Sales of Equity Securities,\" which is the standard disclosure vehicle for dilutive issuances such as private placements and PIPEs. The filing incorporates Item 1.01 by reference, suggesting a material transaction involving unregistered equity. This type of disclosure is material to investors as it affects share dilution and capitalization.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T02:14:49.643496+00:00","company_name":"","ticker":null,"filing_date":""},{"id":3008,"accession_number":"0001104659-26-068595","item_number":"5.03","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":false,"confidence":0.45,"reasoning":"Item 5.03 discloses amendments to articles or bylaws, but the section merely incorporates Item 1.01 by reference without disclosing the substantive content. Without visibility into Item 1.01, the materiality and specific event type cannot be determined. Item 5.03 amendments are typically routine unless they involve control provisions or significant governance changes, which are not evident from this cross-reference alone.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T02:14:49.643496+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":3004,"accession_number":"0001104659-26-068595","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.92,"reasoning":"This disclosure describes a material debt restructuring involving the conversion of approximately $12.0 million in outstanding indebtedness into equity (Common Stock and newly created Series P-2 Convertible Preferred Stock). While technically structured as debt conversion agreements rather than a traditional M\u0026A transaction, the substance involves a significant capital restructuring that materially alters the company's capital structure and ownership. The conversion of $2.0 million from 3i and $10.0 million from Fiza, combined with amendments to existing preferred stock terms and creation of new preferred stock with substantial rights (18% cumulative dividends, liquidation preferences, voting rights), represents a material transaction that would affect a reasonable investor's assessment of the registrant's financial position and ownership structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T02:14:49.643496+00:00","company_name":"zSpace, Inc.","ticker":"ZSPC","filing_date":"2026-06-01"},{"id":3005,"accession_number":"0001104659-26-068595","item_number":"1.02","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"Item 1.02 discloses termination of material debt obligations through restructuring and conversion transactions with 3i and Fiza. The language \"fully satisfied, discharged, and cancelled\" and \"extinguished in their entirety\" indicates completion of material debt restructuring activities that would be incorporated from Item 1.01, which typically covers material acquisitions, dispositions, or changes in control. This represents a material change in the company's capital structure and financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T02:14:49.643496+00:00","company_name":"zSpace, Inc.","ticker":"ZSPC","filing_date":"2026-06-01"},{"id":3006,"accession_number":"0001104659-26-068595","item_number":"2.03","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Item 2.03 incorporates Item 1.01 by reference, which covers entry into a material definitive agreement or other event triggering a direct financial obligation. The cross-reference structure indicates a material transaction (likely M\u0026A, financing, or significant contract) that creates financial obligations. Without the full Item 1.01 text, ma_activity is the most probable classification given the incorporation pattern and the materiality threshold of Item 2.03 disclosures.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T02:14:49.643496+00:00","company_name":"zSpace, Inc.","ticker":"ZSPC","filing_date":"2026-06-01"},{"id":3007,"accession_number":"0001104659-26-068595","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 3.02 explicitly addresses \"Unregistered Sales of Equity Securities,\" which is the standard disclosure vehicle for dilutive issuances such as private placements and PIPEs. The filing incorporates Item 1.01 by reference, suggesting a material transaction involving unregistered equity. This type of disclosure is material to investors as it affects share dilution and capitalization.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T02:14:49.643496+00:00","company_name":"zSpace, Inc.","ticker":"ZSPC","filing_date":"2026-06-01"},{"id":3008,"accession_number":"0001104659-26-068595","item_number":"5.03","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":false,"confidence":0.45,"reasoning":"Item 5.03 discloses amendments to articles or bylaws, but the section merely incorporates Item 1.01 by reference without disclosing the substantive content. Without visibility into Item 1.01, the materiality and specific event type cannot be determined. Item 5.03 amendments are typically routine unless they involve control provisions or significant governance changes, which are not evident from this cross-reference alone.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-02T02:14:49.643496+00:00","company_name":"zSpace, Inc.","ticker":"ZSPC","filing_date":"2026-06-01"}]}