zSpace, Inc. 8-K

What Happened

• zSpace, Inc. filed a Form 8-K on March 13, 2026 reporting that holders representing a majority of voting power approved, by written consent, authorization for the company’s board to effect a reverse stock split.
• The approved range for the Reverse Stock Split is between 1-for-15 and 1-for-25. The Board may decide whether to implement a split and pick the exact ratio within that range at any time before the one-year anniversary of filing a Definitive Information Statement on Schedule 14C. The Written Consent becomes effective 20 days after that Schedule 14C is mailed to stockholders.

Key Details

• Record date: March 12, 2026; written consent taken March 13, 2026.
• Outstanding votes on the Record Date: 37,142,955. Consenting stockholders held 18,694,538 votes (50.33% of outstanding voting power).
• No votes were cast against, abstained, or broker non-votes because approval was by written consent.
• The company will file and mail a Definitive Information Statement on Schedule 14C under SEC rules before any split becomes effective.

Why It Matters

• If the Board implements the approved reverse split, the total number of outstanding common shares would be reduced and the per-share price would increase proportionally based on the chosen ratio (between 1-for-15 and 1-for-25).
• The Board has discretion whether to proceed and has not set a final ratio or an implementation date; effectiveness depends on the Schedule 14C mailing and the timing described in the filing.
• Investors should watch for the upcoming Schedule 14C and any further announcements for the final decision, exact ratio, and timing.