The Glimpse Group Announces the Closing of a $7.29 Million Registered Direct Offering; Proceeds to Accelerate Spatial Computing, AI and Immersive Capabilities and Support Customer Contract...
The Glimpse Group, Inc. (VRAR)
Company Research
Source: Yahoo! Finance
diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, today announced that it entered into an registered direct public offering with one institutional investor. The offering consisted of the sale of 2.75 million shares of common stock and/or pre-funded warrants, for aggregate gross proceeds of approximately $7.29 million at a price of $2.65 per share. The purchase price for the pre-funded warrants was identical to the purchase price for the shares, less the exercise price of $0.001. Lyron Bentovim, President & CEO of Glimpse, commented: "Post this clean financing, we have approximately $8.5 million of cash on hand, expected profitable operations and a clean balance sheet with no corporate debt, convertible debt or preferred equity. We are now well capitalized to pursue our growth strategy in the emerging Immersive industry." Kingswood Capital Partners, LLC, acte
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VRAR
News
- Glimpse Group regains compliance with Nasdaq [Seeking Alpha]Seeking Alpha
- The Glimpse Group Regains Compliance with NASDAQAccesswire
- The Glimpse Group, Inc. (NASDAQ: VRAR) had its "buy" rating re-affirmed by analysts at Westpark Capital. They now have a $4.67 price target on the stock.MarketBeat
- The Glimpse Group Announces the Closing of a $7.29 Million Registered Direct Offering; Proceeds to Accelerate Spatial Computing, AI and Immersive Capabilities and Support Customer Contracts TractionAccesswire
- Brightline Interactive Successfully Delivers A Scalable Immersive Simulation To A Global Government Service Integrator, Positioning Itself As A Leading Operating System For Processing And Visualizing Complex Information In 3D Space [Yahoo! Finance]Yahoo! Finance
VRAR
Sec Filings
- 12/16/24 - Form 8-K
- 12/11/24 - Form 4
- 12/9/24 - Form SCHEDULE
- VRAR's page on the SEC website