{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-015110","form_type":"8-K","ticker":"GGRP","cik":"0001854445","company_name":"Glimpse Group, Inc.","filed_at":"2022-05-26T23:59:59+00:00","discovered_at":"2026-05-14T18:04:02.887168+00:00","generated_at":"2026-06-25T06:55:00.976774+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Glimpse Group acquires Brightline Interactive for up to $32.5M; 75% earn-out based on revenue milestones","bullets":["Total potential purchase price of $32.5M; initial $8M ($3M cash + $5M common shares) at close.","Up to $24.5M (75%) of consideration contingent on BLI achieving revenue growth milestones over three years.","BLI generated ~$5.0M revenue in 2021 (up 25% YoY); gross margins 50-55% with breakeven cash flow.","Deal expected to close Q3 2022; immediately accretive; Glimpse pro forma cash ~$16M post-close.","Tyler Gates (BLI CEO) will stay as GM and join Glimpse executive team as Chief Futurist and Board observer."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-015110","json":"https://secwatch.observer/filing/0001493152-22-015110.json","markdown":"https://secwatch.observer/filing/0001493152-22-015110.md","text":"https://secwatch.observer/filing/0001493152-22-015110.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854445/000149315222015110/0001493152-22-015110-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854445/000149315222015110/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T06:55:00.976774+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}