zSpace, Inc. Plans $10 Million IPO for Week of December 2nd (ZSPC)

zSpace, Inc. (ZSPC) plans to raise $10 million in an initial public offering (IPO) on the week of December 2nd, IPO Scoop reports. The company will issue 1,900,000 shares at a price of $4.50-$5.50 per share.

In the last year, zSpace, Inc. generated $44.2 million in revenue and had a net loss of $21.9 million. zSpace, Inc. has a market-cap of $112.3 million.

Roth Capital Partners and Craig-Hallum Capital Group served as the underwriters for the IPO and Barrington Research was co-manager.

zSpace, Inc. provided the following description of their company for its IPO: “We are a leading provider of augmented reality (AR) and virtual reality (VR) educational technology solutions. (Incorporated in Delaware) We believe that we are a recognized brand in the education market with a current focus on both United States K-12 schools and Career & Technical Education (CTE) markets. Our proprietary hardware and software platform provides the unique ability to deliver an interactive, stereoscopic three-dimensional (3D) learning experience to our users without the need to utilize VR goggles or specialty glasses. Our hands-on “learning by doing” solutions have been shown to enhance the learning process and drive higher student test scores, as evidenced by a study on the utility of 3D virtual reality technologies for student knowledge gains published in the Journal of Computer Assisted Learning in 2021. We allow students and teachers to experience learning in the classroom that may otherwise be dangerous, impossible, counterproductive, or expensive using traditional techniques. Our platform serves a broad range of critical educational tools designed for K-12 science, technology, engineering and math (STEM) lessons as well as training skilled trades in areas such as health sciences, automotive engineering/repair, Unity3D® software programming and advanced manufacturing. Note: Net loss and revenue are for the 12 months that ended March 31, 2024. (Note: zSpace Inc. filed an S-1/A on Nov. 25, 2024, in which it cut its IPO’s size to 1.875 million – down from 2.0 million shares – and kept the price range at $4.50 to $5.50 – to raise $9.38 million. Background: zSpace Inc. filed an S-1/A in which it cut its IPO’s size to 2.0 million shares – down from 3.0 million shares – and kept the price range at $4.50 to $5.50 to raise $10.0 million, according to the S-1/A filing dated Oct. 25, 2024. Background: zSpace Inc. filed an S-1/A dated July 22, 2024, and disclosed the terms for its IPO: 3.0 million shares at $4.50 to $5.50 to raise $15.0 million.) “.

zSpace, Inc. was founded in 2006 and has 70 employees. The company is located at 55 Nicholson Lane San Jose, California 95134 and can be reached via phone at (408) 498-4050 or on the web at http://www.zspace.com/.