Glimpse Group shifts to pureplay Physical AI via Brightline; raises $1.85M, new CEO & board

Glimpse Group, Inc.

Strategic shift: Glimpse becomes pureplay Physical AI company by focusing on subsidiary Brightline Interactive; withdraws BLI IPO.
Capital infusion of ~$1.85M at $0.55/share from largest investors, incoming board members, and execs; 125% warrant coverage.
New tier-1 board expected June 1, 2026: includes Ret. Admiral Scott Swift (Chair), Ret. Major General Pete Fesler, Brian Archer, Tamar Elkeles, Tyler Gates.
CEO Lyron Bentovim to leave June 15; Tyler Gates becomes CEO; CFO Maydan Rothblum resigns; William J. Keneally named CFO effective June 1.
Q3 FY2026 financial results not detailed in release; refer to 10Q filed May 14, 2026.

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