zSpace to Launch Initial Public Offering, Raising $9.4 Million

zSpace Launches Initial Public Offering at $5 Per Share

zSpace, Inc. recently announced an exciting milestone in its journey by pricing an initial public offering (IPO) of its common stock. The company is set to offer a total of 1,875,000 shares priced at $5.00 each, aiming to raise a gross amount of approximately $9.4 million. This offering, which is expected to attract quite a bit of attention, will not have the underwriters’ option for additional shares exercised.

Trading and Closing Details for the IPO

The shares are anticipated to begin trading on the Nasdaq Global Market under the ticker symbol "ZSPC". Trading is expected to commence shortly, providing a new avenue for investment in innovative educational technology. The offering itself is projected to close just a day after trading begins, pending customary closing conditions, which represents a fast turnaround time for interested investors.

Underwriters and Legal Representation

In connection with the offering, zSpace has enlisted the help of Roth Capital Partners, LLC and Northland Securities, Inc. as joint book-running managers. Additionally, Barrington Research Associates, Inc. will act as a co-manager. The legal representation for the company is being provided by Pryor Cashman LLP, while Pillsbury Winthrop Shaw Pittman is advising the underwriters on this transaction.

Resale of Common Stock Shares

Furthermore, zSpace has facilitated the registration for resale of up to 1,997,973 shares by two existing securityholders. It is important to note that these shares will not be part of the current offering, meaning the company will not benefit financially from their sale. This move allows current shareholders an opportunity to realize gains on their investments post-offering.

About zSpace, Inc. and Its Impact on Education

Founded to revolutionize the way education is delivered, zSpace, Inc. (NASDAQ: ZSPC) specializes in augmented and virtual reality (AR/VR) tools designed for STEM education and career readiness programs. With its innovative approach, zSpace is making progressive inroads into the educational system, engaging over 3,500 educational institutions, including public school districts, technical colleges, and universities. Their technology allows learners to experiment and engage with complex subjects in a safe and immersive environment.

Enhancing Learning Outcomes

By utilizing zSpace technology in classrooms, students are able to interact with learning materials that would typically be hazardous, impractical, or prohibitively expensive to engage with through traditional educational methods. Research has shown that their hands-on approach not only captivates students' attention but also significantly improves their academic performance.

Innovation and Patent Portfolio

With a substantial portfolio of over 70 patents, zSpace is committed to continual innovation in the educational tech space, ensuring that they remain a key player in enhancing student learning experiences. A study published in the Journal of Computer Assisted Learning highlights the effectiveness of 3D virtual reality technologies in improving educational outcomes, showcasing zSpace’s impact on the future of learning.

Frequently Asked Questions

What is zSpace's initial public offering price?

zSpace's IPO is priced at $5.00 per share, with an offering of 1,875,000 shares.

When will trading of zSpace shares begin?

The shares are expected to start trading on the Nasdaq Global Market under the ticker symbol ZSPC.

How much capital is zSpace looking to raise through this IPO?

The total gross proceeds targeted from the IPO are approximately $9.4 million before expenses.

Who are the underwriters for the zSpace IPO?

Roth Capital Partners, LLC and Northland Securities, Inc. are acting as joint book-running managers for the offering.

What is the focus of zSpace's technologies?

zSpace focuses on providing augmented and virtual reality experiences that enhance education in STEM and career readiness programs for students.

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