Glimpse Group sells Glimpse Learning to entity controlled by former CEO Lyron Bentovim for equity and royalties

Glimpse Group, Inc.

Purchase price: 1,999,999 shares of buyer (19.99% equity) plus royalty payments capped at $1.2M.
Royalty: 7% of buyer revenue July–Dec 2027, then 10% from Jan 2028; buyer can buy out for $1M on Dec 30, 2027.
Lyron Bentovim, former CEO and ~5% owner of Glimpse, owns 50.6% of buyer; $200K working capital paid at closing.
Pro forma shows Glimpse Learning contributed $890K revenue in 9 months ended Mar 2026; divestiture loss of $37,554.
Company refocuses on Physical AI via Brightline Interactive and SpatialCore platform, used by US Navy.

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