GGRP · Brightline Interactive, Inc.

The Glimpse Group, Inc. entered into a securities purchase agreement on May 14, 2026, for a registered direct offering of common stock and warrants. The offering includes 622,306 shares of common stock, pre-funded warrants to purchase up to 2,732,240 shares, and common stock warrants to purchase up to 4,193,182 shares. The combined purchase price is $0.55 per share and accompanying warrant, and $0.549 per pre-funded warrant and accompanying warrant. Net proceeds are expected to be approximately $1.79 million, which will be used for general corporate purposes and working capital for its subsidiary, Brightline Interactive, Inc. The offering is being made directly to investors without a placement agent or underwriter, and closing is expected on or about May 18, 2026. The common stock warrants are exercisable at $0.55 per share, beginning six months from issuance, and expire in 7.5 years. Pre-funded warrants are exercisable immediately at $0.001 per share and expire when exercised in full. The warrants include a beneficial ownership limitation of 9.99%, which can be increased to 19.99% upon 61 days' notice. Additionally, investors receive participation rights in future financings for 12 months, allowing them to purchase up to 33.33% of new issuances on substantially the same terms. This offering provides Glimpse with immediate capital to support its strategic shift into a physical AI company, while the warrants offer potential future capital if exercised. The participation rights may affect future financing flexibility.