{"success":true,"data":{"pressRelease":{"id":"11738","rtpr_id":"nNFC9TH6lp","ticker":"ZSPC","exchange":"NASDAQ","all_tickers":["ZSPC"],"title":"ZSPC DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds zSpace (ZSPC) Investors of Securities Class Action Deadline on June 22, 2026","author":"Newsfile Corp","published_at":"2026-04-28T20:19:17.016Z","article_body":"Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson\n(https://api.newsfilecorp.com/redirect/OAPx0S2BM3) Encourages Investors Who\nSuffered Losses In zSpace To Contact Him Directly To Discuss Their Options\n\nIf you purchased or acquired securities in zSpace\n(https://api.newsfilecorp.com/redirect/PqNWRtg5wb) issued in connection with\nzSpace's December 2024 initial public offering (the \"IPO\" or \"Offering\") and\nwould like to discuss your legal rights, call Faruqi & Faruqi partner Josh\nWilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).\n\n[You may also click here for additional information]\n(https://api.newsfilecorp.com/redirect/wE0MDuBjoV)\n\nNew York, New York--(Newsfile Corp. - April 28, 2026) - Faruqi & Faruqi, LLP\n(https://api.newsfilecorp.com/redirect/gJRVMH5BzD), a leading national\nsecurities law firm, is investigating potential claims against zSpace, Inc.\n(\"zSpace\" or the \"Company\") (OTC Pink: ZSPC) and reminds investors of the June\n22, 2026 deadline to seek the role of lead plaintiff in a federal securities\nclass action that has been filed against the Company.\n\n(https://images.newsfilecorp.com/files/6455/294699_cf95d1e454447a71_001full.jpg)\n\nFaruqi & Faruqi is a leading national securities law firm with offices in New\nYork, Pennsylvania, California and Georgia. The firm has recovered hundreds of\nmillions of dollars for investors since its founding in 1995. See\nwww.faruqilaw.com.\n\nAs detailed below, the complaint alleges that the Company and its executives\nviolated federal securities laws by making false and/or misleading statements\nand/or failing to disclose that: (1) before zSpace even filed its form S-1, a\ncertain purchaser of Series E and Series F preferred stock emailed, inter\nalia, defendant Erick DeOliveira concerning financial statements that\ndefendants owed to the shareholder pursuant to the preferred stock purchase\nagreement; (2) there was a purchaser of zSpace's preferred shares who was not\nnamed in the Registration Statement; (3) defendants' failure to fulfill their\nobligations to their preferred shareholder would result in litigation; and (4)\nas a result, defendants' risk disclosures were materially false and misleading\nat all relevant times by downplaying the risk of litigation as a hypothetical\nat the time of the IPO.\n\nThe court-appointed lead plaintiff is the investor with the largest financial\ninterest in the relief sought by the class who is adequate and typical of\nclass members who directs and oversees the litigation on behalf of the\nputative class. Any member of the putative class may move the Court to serve\nas lead plaintiff through counsel of their choice, or may choose to do nothing\nand remain an absent class member. Your ability to share in any recovery is\nnot affected by the decision to serve as a lead plaintiff or not.\n\nOn April 21, 2026, zSpace carried out a 1-for-25 reverse stock split.\n\nAt the time this complaint was filed, zSpace's share price plummeted from its\nIPO price to as low as $0.0208 per share, not accounting for the 1-for-25\nreverse stock split.\n\nFaruqi & Faruqi, LLP also encourages anyone with information regarding\nzSpace's conduct to contact the firm, including whistleblowers, former\nemployees, shareholders and others.\n\nTo learn more about the zSpace class action, go to www.faruqilaw.com/ZSPC or\ncall Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or\n212-983-9330 (Ext. 1310).\n\nFollow us for updates on LinkedIn\n(https://api.newsfilecorp.com/redirect/0pvM0Ck3Mz), on X\n(https://api.newsfilecorp.com/redirect/RYD8qUOoM7), or on Facebook\n(https://api.newsfilecorp.com/redirect/WAjqMSMpxJ).\n\nAttorney Advertising. The law firm responsible for this advertisement is\nFaruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or\npredict a similar outcome with respect to any future matter. We welcome the\nopportunity to discuss your particular case. All communications will be\ntreated in a confidential manner.\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/294699","article_body_html":"","raw_payload":{"data":{"id":"nNFC9TH6lp","title":"ZSPC DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds zSpace (ZSPC) Investors of Securities Class Action Deadline on June 22, 2026","author":"Newsfile Corp","ticker":"ZSPC","created":"2026-04-28T20:19:17.016Z","tickers":["ZSPC"],"exchange":"NASDAQ","article_body":"Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson\n(https://api.newsfilecorp.com/redirect/OAPx0S2BM3) Encourages Investors Who\nSuffered Losses In zSpace To Contact Him Directly To Discuss Their Options\n\nIf you purchased or acquired securities in zSpace\n(https://api.newsfilecorp.com/redirect/PqNWRtg5wb) issued in connection with\nzSpace's December 2024 initial public offering (the \"IPO\" or \"Offering\") and\nwould like to discuss your legal rights, call Faruqi & Faruqi partner Josh\nWilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).\n\n[You may also click here for additional information]\n(https://api.newsfilecorp.com/redirect/wE0MDuBjoV)\n\nNew York, New York--(Newsfile Corp. - April 28, 2026) - Faruqi & Faruqi, LLP\n(https://api.newsfilecorp.com/redirect/gJRVMH5BzD), a leading national\nsecurities law firm, is investigating potential claims against zSpace, Inc.\n(\"zSpace\" or the \"Company\") (OTC Pink: ZSPC) and reminds investors of the June\n22, 2026 deadline to seek the role of lead plaintiff in a federal securities\nclass action that has been filed against the Company.\n\n(https://images.newsfilecorp.com/files/6455/294699_cf95d1e454447a71_001full.jpg)\n\nFaruqi & Faruqi is a leading national securities law firm with offices in New\nYork, Pennsylvania, California and Georgia. The firm has recovered hundreds of\nmillions of dollars for investors since its founding in 1995. See\nwww.faruqilaw.com.\n\nAs detailed below, the complaint alleges that the Company and its executives\nviolated federal securities laws by making false and/or misleading statements\nand/or failing to disclose that: (1) before zSpace even filed its form S-1, a\ncertain purchaser of Series E and Series F preferred stock emailed, inter\nalia, defendant Erick DeOliveira concerning financial statements that\ndefendants owed to the shareholder pursuant to the preferred stock purchase\nagreement; (2) there was a purchaser of zSpace's preferred shares who was not\nnamed in the Registration Statement; (3) defendants' failure to fulfill their\nobligations to their preferred shareholder would result in litigation; and (4)\nas a result, defendants' risk disclosures were materially false and misleading\nat all relevant times by downplaying the risk of litigation as a hypothetical\nat the time of the IPO.\n\nThe court-appointed lead plaintiff is the investor with the largest financial\ninterest in the relief sought by the class who is adequate and typical of\nclass members who directs and oversees the litigation on behalf of the\nputative class. Any member of the putative class may move the Court to serve\nas lead plaintiff through counsel of their choice, or may choose to do nothing\nand remain an absent class member. Your ability to share in any recovery is\nnot affected by the decision to serve as a lead plaintiff or not.\n\nOn April 21, 2026, zSpace carried out a 1-for-25 reverse stock split.\n\nAt the time this complaint was filed, zSpace's share price plummeted from its\nIPO price to as low as $0.0208 per share, not accounting for the 1-for-25\nreverse stock split.\n\nFaruqi & Faruqi, LLP also encourages anyone with information regarding\nzSpace's conduct to contact the firm, including whistleblowers, former\nemployees, shareholders and others.\n\nTo learn more about the zSpace class action, go to www.faruqilaw.com/ZSPC or\ncall Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or\n212-983-9330 (Ext. 1310).\n\nFollow us for updates on LinkedIn\n(https://api.newsfilecorp.com/redirect/0pvM0Ck3Mz), on X\n(https://api.newsfilecorp.com/redirect/RYD8qUOoM7), or on Facebook\n(https://api.newsfilecorp.com/redirect/WAjqMSMpxJ).\n\nAttorney Advertising. The law firm responsible for this advertisement is\nFaruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or\npredict a similar outcome with respect to any future matter. We welcome the\nopportunity to discuss your particular case. All communications will be\ntreated in a confidential manner.\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/294699"},"type":"article","timestamp":"2026-04-28T20:19:17.056684204Z","server_sent_at_ms":1777407557056},"received_at":"2026-04-28T20:19:17.715Z","source_url":"https://www.newsfilecorp.com/release/294699"},"analysis":{"id":"9082","press_release_id":"11738","analysis_json":{"industry":{"label":"Technology Hardware & Equipment","sector":"Information Technology"},"redFlags":["Allegations of securities fraud and false statements related to IPO","Share price plummeted to $0.0208","1-for-25 reverse stock split executed on April 21, 2026"],"eventType":"legal_litigation","narrative":"Faruqi & Faruqi, LLP reminded investors of the June 22, 2026 deadline to seek lead plaintiff status in a federal securities class action against zSpace.\n\nThe complaint alleges that the company made false statements regarding preferred stock purchase agreements and failed to disclose litigation risks ahead of its December 2024 IPO.\n\nThe filing highlights a share price decline to $0.0208 and a recent 1-for-25 reverse stock split executed on April 21, 2026.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Securities fraud allegations and reverse split signal severe distress for zSpace post-IPO."},"keyFigures":{"customDimensions":{"share_price_low":"$0.0208","reverse_split_ratio":"1-for-25"}},"quotedText":"At the time this complaint was filed, zSpace's share price plummeted from its IPO price to as low as $0.0208 per share, not accounting for the 1-for-25 reverse stock split.","namedEntities":{"people":[{"name":"James (Josh) Wilson","role":"Partner, Faruqi & Faruqi, LLP"},{"name":"Erick DeOliveira","role":"Defendant"}],"products":[],"companies":[{"name":"zSpace, Inc.","ticker":"ZSPC"},{"name":"Faruqi & Faruqi, LLP","relationship":"plaintiff counsel"}],"dollarAmounts":[{"amount":"$0.0208","context":"zSpace's low share price per share"}]},"materialImpact":{"score":4,"reasoning":"Federal class action alleges securities fraud and false statements regarding IPO disclosures, compounded by a massive share price decline and a recent 1-for-25 reverse stock split indicating financial distress."},"tickerRelevance":{"others":[],"primary":"ZSPC"},"globalImportance":15,"audienceRelevance":5,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro_cap_otc","eventGravity":"litigation_distress","sectorWeight":"low"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"bearish","material_impact_score":4,"narrative":"Faruqi & Faruqi, LLP reminded investors of the June 22, 2026 deadline to seek lead plaintiff status in a federal securities class action against zSpace.\n\nThe complaint alleges that the company made false statements regarding preferred stock purchase agreements and failed to disclose litigation risks ahead of its December 2024 IPO.\n\nThe filing highlights a share price decline to $0.0208 and a recent 1-for-25 reverse stock split executed on April 21, 2026.","key_figures":{"customDimensions":{"share_price_low":"$0.0208","reverse_split_ratio":"1-for-25"}},"named_entities":{"people":[{"name":"James (Josh) Wilson","role":"Partner, Faruqi & Faruqi, LLP"},{"name":"Erick DeOliveira","role":"Defendant"}],"products":[],"companies":[{"name":"zSpace, Inc.","ticker":"ZSPC"},{"name":"Faruqi & Faruqi, LLP","relationship":"plaintiff counsel"}],"dollarAmounts":[{"amount":"$0.0208","context":"zSpace's low share price per share"}]},"model_name":"glm-4.7","prompt_hash":"sha256:1fc968c3ac7f7ebb","schema_hash":"sha256:1f8af1196c7db48c","created_at":"2026-04-28T22:56:58.951Z","global_importance":15,"audience_relevance":5,"importance_components":{"tickerTier":"micro_cap_otc","eventGravity":"litigation_distress","sectorWeight":"low"}},"durationMs":97745,"modelName":"glm-4.7"}}