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SAN JOSE, Calif. - zSpace, Inc. (NASDAQ:ZSPC), a provider of immersive augmented reality learning solutions, announced Monday that it has transferred its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective October 16. The move comes amid challenging market conditions for the company, whose stock has declined over 93% year-to-date according to InvestingPro data.
The company’s shares will continue trading under the "ZSPC" ticker symbol. According to the announcement, Nasdaq’s Listing Qualifications Department confirmed that zSpace has regained compliance with all applicable listing standards, resolving its prior noncompliance issues.
The transfer represents a strategic decision that better aligns with the company’s current business profile and market capitalization, according to a press release statement. The Nasdaq Capital Market offers listing standards more appropriate for growth-stage companies while maintaining the benefits of a major U.S. stock exchange.
"We view this transfer as the right strategic decision for zSpace at this stage of our evolution," said Paul Kellenberger, CEO of zSpace. "The Nasdaq Capital Market provides the appropriate regulatory framework while maintaining our access to institutional and retail investors."
zSpace provides augmented and virtual reality experiences for educational institutions, serving over 3,500 school districts, technical centers, community colleges, and universities. The company is headquartered in San Jose, California, and holds more than 70 patents.
The company stated it remains committed to maintaining its Nasdaq listing and building a sustainable public company that delivers value to stockholders, customers, and employees.
In other recent news, zSpace, Inc. reported its second-quarter 2025 earnings, showing a decline in revenue. The company announced an earnings per share of -$0.16, which missed analyst expectations, with revenue at $7.46 million compared to the anticipated $9.38 million. Additionally, zSpace received a notice from Nasdaq for non-compliance with the market value rule, as its market value of publicly held shares remained below $15 million for 30 consecutive business days. The company now has a 180-day period to regain compliance. In another development, zSpace amended its Senior Secured Convertible Note agreement, lowering the conversion floor price and adjusting other terms. The company also launched three new industrial robotics training applications aimed at preparing students and workers for careers in automation-driven industries. These applications focus on industrial robotics training, maintenance, and operations.
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