Glimpse Group Prices Registered Direct Offering at $1.845M

The Glimpse Group announced the pricing of a registered direct offering of $1.845M to support its strategic shift into a physical AI focused company. Offering Terms: 622,306 shares of its common stock, pre-funded warrants to purchase up to 2,732,240 shares of its common stock, and accompanying warrants to purchase up to 4,193,182 shares of common stock. The combined public offering price of each share of common stock and accompanying warrant to purchase common stock is $0.55. For investors who elect to purchase pre-funded warrants in lieu of common stock, the combined public offering price for each pre-funded warrant and accompanying warrant to purchase common stock is $0.549, which equals the combined price at which shares of common stock and accompanying warrants to purchase common stock are being sold in the offering, minus $0.001, the per share exercise price of each pre-funded warrant. All of the securities being sold in the offering are being sold by Glimpse directly to the investors in the offering, without any placement agent or underwriter. The offering is expected to close on or about May 18, subject to the satisfaction of customary closing conditions. The gross proceeds to Glimpse from the offering, before estimated offering expenses, are expected to be approximately $1.79M. If all of the pre-funded warrants and warrants to purchase common stock sold in the offering were to be exercised in cash at their respective exercise prices, Glimpse would receive additional gross proceeds of approximately $2.3M, before deducting expenses. Glimpse has not retained a placement agent or underwriter in connection with the offering.