---
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"
generated_at: "2026-06-25T06:55:00.976774+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Glimpse Group acquires Brightline Interactive for up to $32.5M; 75% earn-out based on revenue milestones

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-015110
- JSON: https://secwatch.observer/filing/0001493152-22-015110.json
- Plain text: https://secwatch.observer/filing/0001493152-22-015110.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.