Glimpse Group acquires PulpoAR assets in equity-based deal; expands AR virtual try-on for beauty/retail

Glimpse Group, Inc.

Acquisition by QReal subsidiary; primarily equity at $7.00/share + nominal cash; no liabilities assumed.
PulpoAR has ~40 developers in Turkey, 10k+ digital assets, SaaS revenue from beauty brands like Sephora and Estee Lauder.
Founders Onur Candan, Rayan Godoi, Bugrahan Bayat continue leading; Turkey headcount to exceed 100.
Potential performance payments through Dec 2024, mostly equity at $7.00 floor, tied to revenue milestones.

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