03:59 AM EST, 12/05/2024 (MT Newswires) -- ZSpace ( ZSPC ) said Wednesday it priced its initial public offering of about 1.9 million shares of its common stock at $5 per share, for expected gross proceeds of about $9.4 million.

The company granted the underwriters a 30-day option to buy up to an additional 281,250 shares of its common stock.

The shares are expected to start trading on the Nasdaq Global Market under the ticker symbol "ZSPC" this Thursday. The offering is expected to close on Friday.

The company also registered up to about 2 million shares of its common stock for resale by two securityholders. The company said it will not receive any of the proceeds from the resale.