The Glimpse Group (VRAR) Registration Filing summary

Company overview and business model

• Operates as an immersive technology provider, focusing on enterprise VR, AR, and spatial computing software and services, primarily in the U.S.

• Employs a diversified ecosystem model to target multiple industry verticals, including corporate training, education, healthcare, government, branding, retail, media, and events.

• Shifted in fiscal 2024 to emphasize spatial computing, cloud, and AI-driven solutions, with a flagship product called Spatial Core.

• Focuses on B2B and B2B2C segments and maintains a hardware-agnostic approach.

Financial performance and metrics

• As of November 19, 2025, public float was approximately $32.4 million, with 21,076,506 shares outstanding and 17,883,398 held by non-affiliates.

• Net tangible book value as of September 30, 2025, was $5.2 million ($0.25 per share); post-offering, as adjusted, would be $8.68 million ($0.36 per share).

• Immediate dilution to new investors estimated at $0.68 per share in the at-the-market offering.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for working capital and general corporate purposes.

• Management retains broad discretion over allocation of proceeds, which may be invested in short-term, interest-bearing instruments pending use.