Glimpse Group raises $3.3M in registered direct offering at $1.75/share

Glimpse Group, Inc.

Sold 1,885,715 shares at $1.75 each for gross proceeds of $3.3 million to accredited and institutional investors.
Offering closed on October 3, 2023; shares issued under effective S-3 shelf registration.
Kingswood Investments served as placement agent with 7% fee plus up to $30,000 legal expense reimbursement.
CEO and CFO entered lock-up agreements restricting share sales for a period after closing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Glimpse Group, Inc. entered into securities purchase agreement with accredited and institutional investors (effective 2023-09-28).

Action: entry
Agreement: equity purchase
Counterparty: accredited and institutional investors
Effective: 2023-09-28

Exact text from the filing

On September 28, 2023, The Glimpse Group, Inc. (the “Company”) entered into a securities purchase agreement with accredited and institutional investors for the purchase and sale of an aggregate of 1,885,715 shares of the Company’s common stock, in a registered direct offering at a purchase price of $1.75 per share for gross proceeds of $3.3 million.

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Glimpse Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-035167

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