zSpace shares surge 43.97% after-hours as amended financing agreement issues $4.3M convertible note to refinance $2M debt and bolster working capital.

zSpace Inc. surged 43.97% in after-hours trading following the announcement of an amended securities purchase agreement with an institutional investor, enabling a second closing on March 16, 2026. Under the terms, the company issued a $4.3 million senior secured convertible note with a $0.28 conversion price, which will be used to repay $2.0 million of existing debt and fund working capital and general corporate purposes. The refinancing and additional liquidity likely alleviated short-term financial pressures while extending debt maturity to 2028, signaling improved capital structure management. The move aligns with the stock’s sharp after-hours rise, reflecting investor optimism over enhanced operational flexibility.