Glimpse Group, Inc.

Brightline Interactive, Inc. announced the resignation of Tamar Elkeles from its Board of Directors and key committee chair positions, effective immediately. Dr. Elkeles's departure was not due to any disagreements with the company. In connection with her resignation, Admiral Scott Swift was appointed Chair of the Nominating and Corporate Governance Committee, and Major General Pete Fesler was appointed Chair of the Compensation Committee.

The Glimpse Group, Inc. has divested its wholly-owned subsidiary, Glimpse Learning, LLC, to Glimpse Learning, Inc. The transaction, which includes a 19.99% equity stake in the buyer and future royalty payments up to $1.2 million, is a strategic move to sharpen the company's focus on its Physical AI business, particularly Brightline Interactive and its SpatialCore platform. Pro forma financial statements indicate a reduction in revenue but also an improvement in net loss following the divestment.

The Glimpse Group announced significant leadership changes and a strategic pivot towards Physical AI. Lyron Bentovim resigned from his roles as Chairperson, President, CEO, and director, along with directors Ian Charles and Alexander Ruckdaeschel. The company appointed Admiral Scott Swift, USN (Ret.), as the new Chairman of the Board, and Tyler Gates as the new President and CEO. Additionally, Major General Pete Fesler, USA (Ret.), and Brian Archer joined the board, with Archer also chairing the Audit Committee. These changes coincide with the public introduction of SpatialCore, an operational context and interoperability platform for Physical AI and autonomous systems, marking the company's full commitment to its Physical AI mission.

The Glimpse Group announced significant leadership changes, with CEO Lyron Bentovim, CFO Maydan Rothblum, and Director Jeff Enslin resigning from their roles. Mr. Enslin and Mr. Rothblum's resignations were effective May 15, 2026, while Mr. Bentovim's is effective June 15, 2026. The company expects to appoint Tyler Gates as the new CEO and a Board member, and new director and CFO appointments are anticipated in June 2026. All resignations were stated not to be due to any disagreements.

Glimpse Group, Inc. announced a registered direct offering to raise approximately $1.79 million in net proceeds. The offering includes 622,306 shares of common stock and pre-funded warrants for up to 2,732,240 shares, both accompanied by warrants to purchase up to 4,193,182 shares of common stock. The company intends to use the proceeds for general corporate purposes and working capital, supporting its strategic transition into a physical AI-focused company.

Glimpse Group announced a fundamental strategic update, transforming into a pureplay Physical AI company by focusing entirely on its subsidiary, Brightline Interactive (BLI). This shift includes a new tier 1 board, with Ret. Admiral Scott Swift as incoming Chairman, and Tyler Gates taking over as CEO from Lyron Bentovim. The company also received a $1.85 million capital infusion from key investors and will divest other immersive tech subsidiaries. Concurrently, Glimpse Group reported Q3 FY26 financial results, with total revenue of $657,458 and a significant net loss of $(12,683,231), primarily due to a $10.86 million goodwill impairment charge.

Glimpse Group reported a net loss of $14.9 million for the nine months ended March 31, 2026, a significant increase from the prior year, and recorded a $10.86 million goodwill impairment. The company also disclosed substantial doubt about its ability to continue as a going concern and received a NASDAQ notification for failing to meet the minimum bid price requirement. Additionally, a major customer of its divested QReal business terminated their agreement.