On December 23, 2024, The Glimpse Group announced the closing of a registered direct public offering, raising approximately $7.29 million in aggregate gross proceeds. The offering involved the sale of 2.75 million shares of common stock and/or pre-funded warrants.
The shares and warrants were sold to one institutional investor at a price of $2.65 per share. This capital infusion is intended to accelerate the company's Spatial Computing, AI, and immersive capabilities.
The proceeds will also be used to support the traction of existing customer contracts. This financing event provides Glimpse with additional resources to execute its growth strategy and expand its offerings in the rapidly evolving immersive technology market.
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