# EDGAR Filing Document

**Accession Number:** 0001637147
**File Stem:** 0001104659-25-100621
**Filing Date:** 2025-10
**Character Count:** 11882
**Document Hash:** 3626cc8114733f6d07d267fcbfc92bb4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-100621.hdr.sgml**: 20251020

**ACCESSION NUMBER**: 0001104659-25-100621

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251020

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251020

**DATE AS OF CHANGE**: 20251020

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** zSpace, Inc.
- **CENTRAL INDEX KEY:** 0001637147
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 352284050
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42431
- **FILM NUMBER:** 251402352

**BUSINESS ADDRESS:**
- **STREET 1:** 2050 GATEWAY PLACE
- **STREET 2:** SUITE 100-302
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95110
- **BUSINESS PHONE:** (408)498-4050

**MAIL ADDRESS:**
- **STREET 1:** 2050 GATEWAY PLACE
- **STREET 2:** SUITE 100-302
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95110

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported) **October 20, 2025**

**<u>ZSPACE, INC.</u>**

(Exact name of registrant as specified in charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-42431** | **35-2284050** |
| (State or other Jurisdiction of<br> Incorporation or Organization) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

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| | |
|:---|:---|
| **55 Nicholson Lane**<br> **San Jose, California** | **95134** |
| (Address of Principal Executive Offices) | (zip code) |

---

**(408) 498-4050**

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.00001 per share | ZSPC | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ⌧

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure** **.** |

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On October 20, 2025, zSpace, Inc. (the "Company") issued a press release announcing: (i) the transfer of the listing of its common stock par value $0.00001 per share ("Common Stock"), from the Nasdaq Global Market to the Nasdaq Capital Market and (ii) that the Company had regained compliance with the Nasdaq Continued Listing Standards.

As previously disclosed, on October 1, 2025, the Company received a written notice from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with the continued listing requirement of the Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5450(b)(2)(C), which requires listed companies to maintain a minimum market value of publicly held shares ("MVPHS") of at least $15,000,000 (the "Nasdaq Non-Compliance Matter"). Based on the Staff's review of the Company's MVPHS, the Company's MVPHS was below $15 million for the 30 consecutive business days prior to the date of the notice.

On October 9, 2025, the Company submitted an application to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market. The continued listing requirement for MVPHS on the Nasdaq Capital Market is $1,000,000.

Effective at the beginning of trading on October 16, 2025, the listing of the Company's Common Stock was transferred to the Nasdaq Capital Market. On October 15, 2025, the Company received confirmation from the Staff that the Nasdaq Non-Compliance Matter was closed because of the transfer of the listing of the Company's Common Stock from the Nasdaq Global Market to the Nasdaq Capital Market, and that any future non-compliance will be measured from the date of such transfer.

A copy of the press release is furnished herewith as Exhibit 99.1 to the Current Report on Form 8-K. The information included in this Current Report on Form 8-K under this Item 7.01 (including Exhibit 99.1) shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit <br> No.** | **Exhibit Description** |
| [99.1](tm2528949d1_ex99-1.htm) | [Press release dated October 20, 2025 entitled "zSpace Receives Nasdaq Approval to Transfer Listing to Nasdaq Capital Market and Regains Compliance with Nasdaq Listing Requirements".](tm2528949d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded with the inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: October 20, 2025 | **zSpace, Inc.** | **zSpace, Inc.** |
|  | By: | /s/ Erick DeOliveira |
|  |  | Erick DeOliveira |
|  |  | Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**FOR IMMEDIATE RELEASE**

**zSpace Receives Nasdaq Approval to Transfer Listing to Nasdaq Capital Market and Regains Compliance with Nasdaq Listing Requirements**

**Strategic move positions Company for sustained listing compliance and better alignment with business profile**

**San Jose, CA – October 20, 2025** – zSpace, Inc. (NASDAQ: ZSPC), a global leader in immersive augmented reality (AR) learning solutions for education, today announced that it has received approval from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer the listing of its common stock from the Nasdaq Global Market to the Nasdaq Capital Market. This transfer was effective as of the opening of trading on October 16, 2025.

This announcement has no immediate effect on the listing or trading of the Company's common stock. The Company's shares will continue to trade under the "ZSPC" ticker symbol.

In connection with the transfer, Nasdaq confirmed that zSpace has regained compliance with all applicable listing standards, and the prior noncompliance period has been fully resolved. As of the effective date of the transfer, zSpace is in good standing and considered fully compliant with Nasdaq's continued listing requirements. Any future non-compliance will be measured from the effective date of the transfer.

The transfer to the Nasdaq Capital Market represents a strategic decision that better aligns with zSpace's current business profile and market capitalization. The Nasdaq Capital Market provides listing standards that are more appropriate for growth-stage companies like zSpace, while maintaining the credibility, transparency, and investor access associated with a major U.S. stock exchange. The Company believes this move positions it to maintain listing eligibility both now and into the future as it executes on its growth initiatives.

"We view this transfer as the right strategic decision for zSpace at this stage of our evolution," said Paul Kellenberger, CEO of zSpace. "The Nasdaq Capital Market provides the appropriate regulatory framework while maintaining our access to institutional and retail investors. This move gives us a solid foundation for sustained compliance as we execute on our exciting growth trajectory, including our recent international expansion into the UAE, Europe, and Middle East markets, and the continued success of our award-winning Career Coach AI platform. We are confident that the Nasdaq Capital Market is the optimal venue for zSpace as we build long-term stockholder value through operational excellence and market expansion."

zSpace remains committed to maintaining its Nasdaq listing and building a sustainable public company that delivers value to stockholders, customers, and employees.

**About zSpace**

zSpace, Inc. (NASDAQ: ZSPC) delivers innovative augmented and virtual reality (AR/VR) experiences that drive achievement in STEM, CTE, and career readiness programs. Trusted by over 3,500 school districts, technical centers, community colleges, and universities, zSpace enables hands-on "learning by doing" experiences proven to improve engagement and student outcomes. Headquartered in San Jose, California, zSpace holds more than 70 patents, with research published in the Journal of Computer Assisted Learning (2021) validating the impact of 3D virtual reality technologies on student knowledge gains. For more information, visit <u>www.zspace.com</u>.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the Company's ability to maintain compliance with Nasdaq listing requirements, the appropriateness of the Nasdaq Capital Market for the Company's business profile, the Company's ability to execute its business and growth strategies, expand into international markets and deliver value to stockholders, customers and employees. These statements are based on current expectations and beliefs and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause such differences include, but are not limited to, market conditions affecting the Company's stock price and market capitalization, the Company's ability to successfully execute its business strategy, changes in listing requirements, competitive pressures, general economic conditions and other factors discussed in the Risk Factors section of the Company's filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and zSpace, Inc. disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law

**Investor Relations Contact:** <br> Gateway Group<br> Cody Slach, Greg Robles<br> +1 949.574.3860<br> ZSPC@gateway-grp.com

**Media Contact:** <br> Amanda Austin<br> Senior Marketing Director, zSpace, Inc.<br> pr@zspace.com