SAN JOSE, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) — zSpace, Inc. (“ZSPC” or the “Company“) 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, 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 …
Full story available on Benzinga.com
SAN JOSE, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) — zSpace, Inc. (“ZSPC” or the “Company“) 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, 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 …
Full story available on Benzinga.com
SAN JOSE, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) — zSpace, Inc. (“ZSPC” or the “Company”) 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, 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 …Full story available on Benzinga.com Read MoreNews, ZSPC, IPOs, Press Releases IPOs
