zSpace receives $3M investment from Planet One Education

zSpace (ZSPC) announced it has received a strategic investment from Planet One Education. The Planet One investment of $3M through the purchase of convertible preferred stock and warrants closed on January 27. This represents 1.5M convertible preferred shares. Planet One also receives 1M warrants with an exercise price of $3.00 per share. zSpace intends to use the proceeds to strengthen its balance sheet, support working capital needs, and accelerate its international expansion. In addition to the investment, zSpace and Planet One are exploring a strategic collaboration to expand STEM and vocational training initiatives outside the United States.