{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-032261","form_type":"8-K","ticker":"GGRP","cik":"0001854445","company_name":"Glimpse Group, Inc.","filed_at":"2026-07-07T12:45:42+00:00","discovered_at":"2026-07-07T12:50:26.570069+00:00","generated_at":"2026-07-07T12:50:37.981937+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Glimpse Group sells Glimpse Learning to entity controlled by former CEO Lyron Bentovim for equity and royalties","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-032261","json":"https://secwatch.observer/filing/0001493152-26-032261.json","markdown":"https://secwatch.observer/filing/0001493152-26-032261.md","text":"https://secwatch.observer/filing/0001493152-26-032261.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854445/000149315226032261/0001493152-26-032261-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854445/000149315226032261/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-07T12:50:37.981937+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}