Home / Going-concern warnings / zSpace, Inc.
Filed 2026-03-30 路 Form 10-K 路 Accession 0001104659-26-036940 nano
Price before filing: $3.07 (2026-03-27 close, split/dividend-adjusted)
Market cap at flag: $2.8M (2026-03-30) 路 Latest: $2.1M (2026-10-16)
| Window | ZSPC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -95.4% | +12.2% | -107.7% | 2026-04-29 |
| 90 days | -93.8% | +17.2% | -111.0% | 2026-06-29 |
| 180 days | -95.8% | +21.4% | -117.1% | 2026-09-28 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 3 insiders sold $13K (4 sales)
30 days after: 4 insiders sold $4K (6 sales); 1 insider bought $61K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-01-06 | DeOliveira Erick Chief Financial Officer | Sale | 6,320 | $0.52 | $3K | no | Form 4 |
| 2026-01-06 | DeOliveira Erick Chief Financial Officer | Sale | 1,519 | $0.52 | $793 | no | Form 4 |
| 2026-01-06 | HARPER MICHAEL S See remarks | Sale | 4,550 | $0.52 | $2K | no | Form 4 |
| 2026-01-06 | Kellenberger Paul Chief Executive Officer, Director | Sale | 12,453 | $0.52 | $7K | no | Form 4 |
| 2026-03-30: red flag filed | |||||||
| 2026-04-07 | DeOliveira Erick Chief Financial Officer | Sale | 10,534 | $0.07 | $780 | no | Form 4 |
| 2026-04-07 | DeOliveira Erick Chief Financial Officer | Sale | 2,532 | $0.07 | $187 | no | Form 4 |
| 2026-04-07 | HARPER MICHAEL S See remarks | Sale | 7,586 | $0.07 | $561 | no | Form 4 |
| 2026-04-07 | Kellenberger Paul Chief Executive Officer, Director | Sale | 20,758 | $0.07 | $2K | no | Form 4 |
| 2026-04-15 | AQR Capital Management Holdings, LLC (+1 joint filer) 10% owner | Purchase | 860,716 | $0.07 | $61K | no | Form 4 |
| 2026-04-15 | AQR Capital Management Holdings, LLC (+1 joint filer) 10% owner | Sale | 7,117 | $0.07 | $505 | no | Form 4 |
| 2026-04-16 | AQR Capital Management Holdings, LLC (+1 joint filer) 10% owner | Sale | 161 | $0.09 | $14 | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-30 to 2026-04-29. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As discussed in Note 1 to the financial statements, the Company's significant operating losses and negative cash flows from operations raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
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