zSpace Inc. Secures $2 Million in New Loan Agreements with Itria Ventures LLC
On August 20, 2025, zSpace, Inc. entered into two Loan and Security Agreements with Itria Ventures LLC, securing a total of $2,000,000 in financing through two term loans. Each loan amounts to $1,000,000, with one carrying an interest rate of 18.00% and maturing over 15 months, and the other at 18.99% over 18 months. zSpace has the option to prepay the loans after the first month, subject to a prepayment fee if done within the first 12 months. The loans are secured by a second priority lien on nearly all of zSpace's assets and are guaranteed by its subsidiaries, zSpace Technologies (Shanghai) Ltd. and zSpace K.K. This agreement also includes certain covenants and events of default clauses. Additionally, an intercreditor agreement was established, subordinating Itria's security interest to the existing senior lender's interest.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. zSpace Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-081940), on August 22, 2025, and is solely responsible for the information contained therein.
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