GGRP · Brightline Interactive, Inc.

The Glimpse Group is undergoing a profound transformation, pivoting from a diversified Immersive Technology platform to a pureplay Physical AI company centered on its subsidiary Brightline Interactive (BLI). BLI's SpatialCore platform enables AI systems to interface with the physical world, targeting applications in autonomous vehicles, drones, robotics, defense, and advanced weaponry. This shift is evidenced by proven contracts with U.S. Department of War entities, CRADAs with Navy and Army, and NVIDIA collaboration, positioning BLI amid rising interest in Physical AI infrastructure. To execute this, Glimpse is installing a high-caliber board including Ret. Admiral Scott Swift as Chairman, Ret. Major General Pete Fesler, and finance expert Brian Archer, expected June 1, 2026. Leadership transitions include Tyler Gates, BLI's visionary GM and SpatialCore architect, becoming CEO, replacing Lyron Bentovim who exits June 15, 2026. CFO Maydan Rothblum resigns May 15 but stays as advisor, with William J. Keneally, experienced public company CFO, stepping in June 1. A $1.85M at-the-market equity raise at $0.55/share (3.35M shares, 4.19M warrants) from insiders bolsters the clean balance sheet (no debt, $2.15M cash at March 31, 2026). Other units like Glimpse Learning face strategic review, S5D shutdown, and BLI IPO withdrawal to sharpen focus. This realignment signals investor confidence via insider capital and elite governance, aiming to capture Physical AI market potential while streamlining operations.