zSpace, Inc. announced the pricing of its firm commitment initial public offering, consisting of 1,875,000 shares of its Common Stock at a price of $5.00 per share. The offering is expected to generate gross proceeds of approximately $9.4 million for the company, before deducting underwriting discounts and commissions and estimated offering expenses.
The company's shares are anticipated to commence trading on the Nasdaq Global Market under the ticker symbol 'ZSPC' at the open of the market on December 5, 2024. The offering is projected to officially close on December 6, 2024, subject to customary closing conditions.
In connection with the offering, zSpace 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. This IPO marks a significant step for zSpace, providing capital for its operations and increasing its public market presence.
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