zSpace Eliminates Over $12 Million in Debt Through Conversion to Equity

▤ Summary

zSpace converted more than $12 million of outstanding debt into equity through agreements with two lenders. The transactions eliminated the related debt obligations and left about $5 million in remaining debt. The company says the move strengthens its balance sheet and helps it stay focused on its learning technology business. zSpace serves K-12 schools, higher education institutions, and workforce training programs with AR and VR solutions.

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