Glimpse Group prices $1.845M registered direct offering; transitions to physical AI company

Glimpse Group, Inc.

Offering of 622,306 shares, pre-funded warrants for 2,732,240 shares, and warrants for 4,193,182 shares at $0.55/unit.
Net proceeds ~$1.79M; full exercise of warrants would yield additional ~$2.3M.
Proceeds for general corporate purposes and working capital at subsidiary Brightline Interactive.
No placement agent used; closing expected May 18, 2026.
Company announces strategic shift to focus on physical AI technology.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Glimpse Group, Inc. entered into Securities Purchase Agreement with certain investors valued at approximately $1.79 million (effective 2026-05-14).

Action: entry
Agreement: equity purchase
Counterparty: certain investors
Value: approximately $1.79 million
Effective: 2026-05-14

Exact text from the filing

On May 14, 2026, The Glimpse Group, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain investors (the “Investors”), pursuant to which the Company agreed to sell and issue to the Investors, in a registered direct offering (the “Offering”), (i) 622,306 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), together with accompanying warrants to purchase up to 4,193,182 shares of Common Stock (with each accompanying warrant exercisable for one and one-quarter shares of Common Stock) (the “Common Stock Warrants”), and (ii) in lieu of Common Stock to certain of the Investors, pre-funded warrants to purchase up to 2,732,240 shares of Common Stock (the “Pre-Funded Warrants”).

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Glimpse Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-023712

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