zSpace, Inc. (ZSPC) today announced the pricing of its firm commitment initial public offering of an aggregate of 1,875,000 shares of its Common Stock (the “Offering”) at $5.00 per share.
The gross proceeds to ZSPC from the Offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by ZSPC, is expected to be approximately $9.4 million without the exercise of the underwriters’ over-allotment option.
The shares are expected to begin trading on the Nasdaq Global Market under the ticker symbol “ZSPC” at the open of the market on December 5, 2024. The Offering is expected to close on December 6, 2024, subject to customary closing conditions.
In connection with the Offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 281,250 shares of its Common Stock at the initial public offering price, less underwriting discounts and commissions.
Roth Capital Partners (WA:CPAP), LLC and Northland Securities, Inc. are acting as joint book-running managers for the offering and Barrington Research Associates, Inc. is acting as co-manager. Pryor Cashman LLP is acting as legal counsel to the Company, and Pillsbury Winthrop Shaw Pittman is acting as legal counsel to the underwriters for the Offering.
The Company has also registered for resale by two securityholders up to 1,997,973 shares of its Common Stock. The shares registered for resale will not be purchased by the underwriters in the Offering and the Company will not receive any of the proceeds from the resale of such shares when and if such shares are sold by the securityholders.
The Offering is being conducted pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-280427) initially filed with the U.S. Securities and Exchange Commission (“SEC”) on June 24, 2024, as amended, and subsequently declared effective by the SEC on December 4, 2024. The Offering is being made only by means of a preliminary prospectus. Before you invest, you should read the preliminary prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, electronic copies of the preliminary prospectus relating to the Offering may be obtained from Roth Capital Partners, LLC, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660 Attn: Prospectus Department, by phone: (800) 678-9147, or email at rothecm@roth.com. In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC’s website at www.sec.gov.
This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.