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.
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