EX-99.1 3 ex99-1.htm EX-99.1 Exhibit 99.1 The Glimpse Group Sharpens Focus as a Pureplay Physical AI Company with Strategic Divestment Transition reflects the strategic direction set with the appointment of CEO Tyler Gates and the Company’s new board ASHBURN, VA - July 7, 2026 - The Glimpse Group, Inc. (NASDAQ: GGRP) (“Glimpse” or the “Company”) today announced the sale of Glimpse Learning, LLC, a non-core legacy asset, continuing the Company’s transformation into a pureplay Physical AI infrastructure company anchored by its subsidiary, Brightline Interactive (“Brightline”), and its SpatialCore platform. The divestment is the latest step in a strategic shift Glimpse began earlier this year, when it named Tyler Gates as Chief Executive Officer, seated a new board chaired by Ret. Admiral Scott Swift and received a $1.85-million capital infusion. A Streamlined, Mission-Focused Company Glimpse is directing its resources and management’s attention toward Brightline and SpatialCore, the open standards-based interoperability and operational-context platform that gives technologies like drones, robotics, autonomous vehicles, digital twins and AI models a shared, real-time underst…
Open exhibit ↗Current Report · Items 1.01, 2.01, 7.01, 9.01 · 8-K
Brightline Interactive, Inc.
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On July 7, 2026, the Company issued a press release announcing the above reference transaction. A Copy of the press release is attached hereto as Exhibit 99.1.…
Company context
Current securities
Historical securities (1)
Recent company filings
- 10-K filingSep 28, 2026
- Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Regulation FD DisclosureSep 24, 2026
- Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD DisclosureSep 23, 2026
- Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingSep 11, 2026
- Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD DisclosureAug 19, 2026
Disclosure sections
Item 7.01Item 7.01 - Regulation FD Disclosure
Filed exhibits (2)
EX-99.2 4 ex99-2.htm EX-99.2 Exhibit 99.2 Unaudited Pro Forma Condensed Consolidated Financial Statements On June 30, 2026, The Glimpse Group, Inc. (“the Company”) completed the sale of all of the assets and liabilities exclusively related to the Company’s Glimpse Learning business and wholly-owned subsidiary (the “Divesture”) pursuant to the Master Purchase Agreement reported in the Company’s current report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on July 7, 2026. The unaudited pro forma condensed consolidated financial statements have been developed by applying pro forma adjustments to the Company’s historical consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and give effect to the Divesture. The unaudited pro forma condensed consolidated statements of operations for the nine months ended March 31, 2026, and for the year ended June 30, 2025, assume that the Divesture occurred as of July 1, 2024. The unaudited pro forma condensed consolidated balance sheet as of March 31, 2026, assumes that the Divesture occurred on that date. The unaudited pro forma condensed consolidat…
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