News

The Glimpse Group Announces Pricing of $12.3 Million Initial Public Offering and Nasdaq Listing Under Ticker Symbol ‘VRAR’

SmallCaps Daily June 30, 2021

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NEW YORK – (NewMediaWire) – June 30, 2021 – The Glimpse Group, Inc. (NASDAQ:
VRAR) (“Glimpse” or the “Company”), a diversified Virtual
Reality and Augmented Reality (“VR” and “AR”) platform company providing
enterprise-focused VR and AR software & services solutions, today announced
the pricing of an underwritten initial public offering of 1,750,000 shares of
common stock at a public offering price of $7.00 per share for gross proceeds
of approximately $12.3 million, prior to deducting underwriting discounts,
commissions, and other offering expenses. In addition, the Company has granted
the underwriters a 45-day option to purchase up to an additional 262,500 shares
at the public offering price less the underwriting discounts and commissions.
The offering is expected to close on or about July 6, 2021, subject to satisfaction of customary closing
conditions.

The Company has received approval to list its
common stock on the Nasdaq Capital Market under the symbol “VRAR”, with trading
expected to begin on July 1, 2021.

EF Hutton, division of Benchmark Investments,
LLC. is acting as sole book-running manager for the offering.

A registration statement relating to these
securities was declared effective by the Securities and Exchange Commission on
June 30, 2021. A final prospectus relating to this offering will be filed with
the SEC. The offering is being made only by means of a prospectus. Copies of the final
prospectus, when available, may be obtained from: EF Hutton, division of
Benchmark Investments LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022,
Attention: Syndicate Department, or via email at syndicate@efhuttongroup.com or telephone at
(212) 404-7002.

This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy these securities, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.

About The Glimpse
Group, Inc.

The
Glimpse Group (NASDAQ: VRAR) is a diversified Virtual and Augmented Reality
platform company, comprised of multiple VR and AR software & services
companies, and designed with the specific purpose of cultivating companies in
the emerging VR/AR industry. Glimpse’s unique business model simplifies
challenges faced by VR/AR companies and creates a robust ecosystem, while simultaneously
providing investors an opportunity to invest directly into the emerging VR/AR
industry via a diversified platform. For more information on The Glimpse Group,
please visit www.theglimpsegroup.com

Safe Harbor
Statement

This
press release does not constitute an offer to sell or a solicitation of offers
to buy any securities of any entity. This press release contains certain
forward-looking statements based on our current expectations, forecasts and assumptions
that involve risks and uncertainties. Forward-looking statements in this
release are based on information available to us as of the date hereof. Our
actual results may differ materially from those stated or implied in such
forward-looking statements, due to risks and uncertainties associated with our
business. Forward-looking statements include statements regarding our
expectations, beliefs, intentions or strategies regarding the future and can be
identified by forward-looking words such as “anticipate,” “believe,” “could,”
“estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words.
All forecasts are provided by management in this release are based on
information available at this time and management expects that internal projections
and expectations may change over time. In addition, the forecasts are entirely
on management’s best estimate of our future financial performance given our
current contracts, current backlog of opportunities and conversations with new
and existing customers about our products and services. We assume no obligation
to update the information included in this press release, whether as a result
of new information, future events or otherwise.