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zSpace converts $12M debt to equity, boosting financial health and growth potential

Company Fundamentals
01 Jun 2026
Zspace, Inc.
View Source
Bullish
pluang ai news

zSpace, Inc. has converted over $12 million of its outstanding debt into equity through agreements with two lenders, significantly improving its financial position. Fiza Investments converted about $10 million in debt into common and preferred stock at 150% of market price, fully retiring its debt. Meanwhile, 3i, LP converted $2 million in debt into common stock, retiring one convertible note and amending another. This debt-to-equity conversion reduces financial obligations, strengthens the balance sheet, and supports zSpace's focus on delivering innovative AR/VR learning solutions and long-term growth. Approximately $5 million in debt remains on the balance sheet after these transactions.

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