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NEW YORK, July 06, 2021 (GLOBE NEWSWIRE) — through NewMediaWire — The Glimpse Group, Inc. (NASDAQ: VRAR) (“Glimpse” or the “Firm”), a diversified Digital Actuality and Augmented Actuality (“VR” and “AR”) platform firm offering enterprise-focused VR and AR software program & providers options, right this moment introduced the closing of an underwritten preliminary public providing of two,012,500 shares of widespread inventory, which included the total train of the underwriter’s over-allotment possibility, at a public providing worth of $7.00 per share for gross proceeds of roughly $14.1 million, previous to deducting underwriting reductions, commissions, and different providing bills.
The Firm’s widespread inventory started buying and selling on the Nasdaq Capital Market underneath the image “VRAR” on July 1, 2021.
EF Hutton, division of Benchmark Investments, LLC acted as sole book-running supervisor for the providing.
A registration assertion relating to those securities was declared efficient by the Securities and Trade Fee on June 30, 2021. A last prospectus referring to this providing was filed with the SEC. The providing was made solely by the use of a prospectus. Copies of the ultimate prospectus could also be obtained from: EF Hutton, division of Benchmark Investments LLC, 590 Madison Avenue, thirty ninth Ground, New York, NY 10022, Consideration: Syndicate Division, or through electronic mail at syndicate@efhuttongroup.com or phone at (212) 404-7002.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase these securities, nor shall there be any sale of those securities in any state or jurisdiction through which such supply, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.
About The Glimpse Group, Inc.
The Glimpse Group (NASDAQ: VRAR) is a diversified Digital and Augmented Actuality platform firm, comprised of a number of VR and AR software program & providers corporations, and designed with the precise function of cultivating corporations within the rising VR/AR trade. Glimpse’s distinctive enterprise mannequin simplifies challenges confronted by VR/AR corporations and creates a sturdy ecosystem, whereas concurrently offering buyers a possibility to take a position straight into the rising VR/AR trade through a diversified platform. For extra data on The Glimpse Group, please go to www.theglimpsegroup.com
Protected Harbor Assertion
This press launch doesn’t represent a proposal to promote or a solicitation of provides to purchase any securities of any entity. This press launch incorporates sure forward-looking statements primarily based on our present expectations, forecasts and assumptions that contain dangers and uncertainties. Ahead-looking statements on this launch are primarily based on data obtainable to us as of the date hereof. Our precise outcomes might differ materially from these acknowledged or implied in such forward-looking statements, as a consequence of dangers and uncertainties related to our enterprise. Ahead-looking statements embody statements relating to our expectations, beliefs, intentions or methods relating to the long run and could be recognized by forward-looking phrases akin to “anticipate,” “imagine,” “might,” “estimate,” “count on,” “intend,” “might,” “ought to,” and “would” or related phrases. All forecasts are offered by administration on this launch are primarily based on data obtainable right now and administration expects that inside projections and expectations might change over time. As well as, the forecasts are solely on administration’s finest estimate of our future monetary efficiency given our present contracts, present backlog of alternatives and conversations with new and current clients about our services and products. We assume no obligation to replace the knowledge included on this press launch, whether or not on account of new data, future occasions or in any other case.
Firm Contact:
Maydan Rothblum
CFO & COO
The Glimpse Group, Inc.
(917) 292-2685
maydan@theglimpsegroup.com
Investor Relations:
Mark Schwalenberg
Director
MZ Group – North America
312-261-6430
Glimpse@mzgroup.us
www.mzgroup.us
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