zSpace, which provides an AR/VR hardware and software platform for the education industry, raised $9 million by offering 1.9 million shares at $5, as expected.
zSpace provides augmented reality (AR) and virtual reality (VR) educational technology solutions, with a current focus on the K-12 and Career & Technical Education (CTE) markets in the US. Its proprietary hardware and software platform delivers an interactive, stereoscopic 3D learning experience without the need to utilize VR goggles or specialty glasses. Today, its K-12 platform is currently deployed in over 80% of the largest 100 K-12 public school districts in the US, as measured by student enrollment, and its CTE solutions have been deployed in approximately 73% of the public school districts it serves.
zSpace plans to list on the Nasdaq under the symbol ZSPC. Roth Capital and Northland Securities acted as joint bookrunners on the deal.
