zSpace To Voluntarily Delist Common Stock From NASDAQ And Deregister With SEC

zSpace, Inc. ("zSpace" or the "Company") (OTC:ZSPC) announces its intention to voluntarily delist its common stock from The Nasdaq Stock Market LLC ("Nasdaq") and to deregister its common stock under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company has provided written notice of its intention to Nasdaq and intends to file a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") on or about September 25, 2026.As previously disclosed, on April 21, 2026, the Company received a determination from the Listing Qualifications Department of Nasdaq to delist the Company’s common stock and trading of the Company’s common stock on Nasdaq has been suspended since April 28, 2026. On August 6, 2026, a Nasdaq Hearings Panel denied the Company’s appeal of that determination, and the period for further appeal expired on August 21, 2026. Nasdaq has not yet filed a Form 25 to complete the removal of the Company’s common stock from listing and registration. The Company’s board of directors determined to proceed with a voluntary filing in order to provide certainty as to the timing of the delisting and deregistration process.The Company expects that the delisting of its common stock will become effective ten days after the filing of the Form 25, on or about October 5, 2026, and that the deregistration of the common stock under Section 12(b) of the Exchange Act will become effective 90 days after the filing, on or about December 24, 2026. Thereafter, the Company intends to file a Form 15 with the SEC in early January 2027 to suspend its remaining reporting obligations under the Exchange Act. Upon the filing of the Form 15, the Company’s obligations to file periodic and current reports with the SEC, including Forms 10-K, 10-Q and 8-K, will be immediately suspended. The Company reserves its right in all aspects to postpone or withdraw the above filings prior to their effectiveness; if necessary.In reaching its determination, the board of directors considered, among other factors, that trading of the Company’s common stock on Nasdaq has been suspended since April 2026 and that the appeal process has concluded; the substantial costs, both direct and indirect, of maintaining the registration of the common stock and complying with SEC reporting requirements; the limited benefits the Company receives from continued registration in light of the suspension; and the demands that compliance places on management’s time and the Company’s resources.The Company’s common stock is currently quoted on the OTC market under the symbol "ZSPC" and is expected to continue to be quoted following the delisting and deregistration. There can be no assurance, however, that any broker-dealer will continue to make a market in, or quote, the Company’s common stock.