Welcome to our dedicated page for zSpace news (Ticker: ZSPC), a resource for investors and traders seeking the latest updates and insights on zSpace stock.
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zSpace (ZSPC) has announced the pricing of its firm commitment initial public offering of 1,875,000 shares of Common Stock at $5.00 per share. The IPO is expected to generate gross proceeds of approximately $9.4 million before deducting underwriting costs and expenses. Trading will commence on the Nasdaq Global Market under ticker 'ZSPC' on December 5, 2024, with the offering closing on December 6, 2024.
The underwriters have a 30-day option to purchase up to 281,250 additional shares. Additionally, the company has registered for resale up to 1,997,973 shares by two securityholders, from which zSpace will not receive any proceeds.
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