zSpace, Inc. Announces Majority Shareholder Approval for Reverse Stock Split

Key Points:

• zSpace, Inc. (NASDAQ: ZSPC) filed a Form 8-K dated March 13, 2026, announcing that a majority of shareholders have approved a Reverse Stock Split via written consent.
• The Reverse Stock Split was approved by shareholders representing more than 50% of the voting power—specifically, 18,694,538 votes out of a total 37,142,955, or about 50.33%.
• No votes were cast against the Reverse Stock Split, nor were there abstentions or broker non-votes.
• The company is preparing to file an amendment to its Amended and Restated Certificate of Incorporation and intends to file a Definitive Information Statement on Schedule 14C.
• zSpace, Inc. is categorized as an “emerging growth company” and trades its common stock on the Nasdaq under the symbol “ZSPC”.

Details for Investors:

• Reverse Stock Split Approval: The approval of a Reverse Stock Split is a significant corporate action. This process typically reduces the number of shares outstanding, increasing the per-share price. It is often used by companies to meet exchange listing requirements or to appeal to institutional investors.
• Majority Voting Power: The written consent came from shareholders holding a majority of voting power, ensuring the measure will proceed without a formal shareholder meeting.
• No Opposition: The lack of opposition or abstention signals broad support among major shareholders, which can be viewed positively by investors.
• Next Steps: The company intends to file necessary amendments and provide further information through a Schedule 14C filing. This is important for transparency and regulatory compliance.
• Potential Impact on Share Price: Reverse Stock Splits can significantly affect share price and investor perception. While they do not change the company’s market capitalization directly, they can reduce volatility and help meet exchange requirements. However, investors should be aware that such splits can sometimes be viewed negatively if interpreted as a sign of financial distress.
• Forward-Looking Statements: zSpace, Inc. cautions that forward-looking statements regarding the Reverse Stock Split and related filings are subject to risks and uncertainties. There is no assurance the split will be implemented or that the Schedule 14C will be filed as planned.
• Emerging Growth Company Status: The company is classified as an emerging growth company, which means it can take advantage of certain reduced reporting and compliance requirements under U.S. securities laws.

Potential Price Sensitivity:

• The approval and anticipated implementation of the Reverse Stock Split is a potentially price-sensitive event. Investors should monitor further filings for the final split ratio and any amendments to the certificate of incorporation.
• The outcome may affect the trading characteristics of ZSPC shares, potentially making them more attractive to institutional investors or helping maintain Nasdaq listing standards.

Other Regulatory Communications:

• The filing confirms that zSpace, Inc. made no written communications under Rule 425, no soliciting material under Rule 14a-12, and no pre-commencement tender offer communications under Rules 14d-2(b) or 13e-4(c).
• ZSPC’s common stock, with a par value of \$0.00001 per share, is registered and listed on Nasdaq.

Corporate Details:

• Registrant: zSpace, Inc.
• Address: 2050 Gateway Place, Suite 100-302, San Jose, CA 95110
• Chief Financial Officer: Erick DeOliveira signed the report on behalf of the company.

Disclaimer:
This article is for informational purposes only and does not constitute investment advice. All forward-looking statements are subject to risks and uncertainties as described in zSpace, Inc.’s SEC filings, including its Annual Report on Form 10-K and other documents. Investors should conduct their own due diligence and consult with a qualified financial advisor before making investment decisions. zSpace, Inc. expressly disclaims any obligation to publicly update any forward-looking statements, except as required by law.

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