Glimpse closes acquisition of Brightline Interactive; adds ~$5M revenue, $15M combined run rate

Glimpse Group, Inc.

Initial consideration: $568,046 cash + $5M in stock at $7.00/share; up to $12M cash + $12.5M stock in earnouts.
Debt extinguished with $1,926,167 cash payment net of working capital adjustments.
Combined annual revenue run rate ~$15M; over 200 immersive tech professionals; 10 patents.
Tyler Gates appointed as Chief Futurist Officer and non-voting Board Observer; annual salary $215,000.
BLI key customers include AT&T, Coca-Cola, FEMA, FAA, US Air Force, NIH; two new US patents.

item 2.01 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Tyler Gates

Chief Futurist Officer and non-voting Board Observer

GGRP · Glimpse Group, Inc.

Effective: 2022-08-01
Filed: August 2, 2022, 7:59 PM ET

the Board of Directors of the Company appointed Tyler Gates to the Company’s Board of Directors as a non-voting Board Observer and as the Company’s Chief Futurist Officer ("CF").

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Tyler Gates was appointed as Chief Futurist Officer and non-voting Board Observer at Glimpse Group, Inc..

Action: appointed
Role: Chief Futurist Officer and non-voting Board Observer

Exact text from the filing

the Board of Directors of the Company appointed Tyler Gates to the Company’s Board of Directors as a non-voting Board Observer and as the Company’s Chief Futurist Officer ("CF").

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Glimpse Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-020934

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