Business
The Glimpse Group Announces Closing of $14.1 Million Initial Public Offering and Full Exercise of Underwriter’s Over-Allotment Option
NEW YORK, July 06, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- The Glimpse Group, Inc. (NASDAQ: VRAR) (“Glimpse” or the “Company”), a diversified Virtual
About this update from The Glimpse Group, Inc.
[{"type":"text","content":"NEW YORK, July 06, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 closing of an underwritten initial public offering of 2,012,500 shares of common stock, which included the full exercise of the underwriter’s over-allotment option, at a public offering price of $7.00 per share for gross proceeds of approximately $14.1 million, prior to deducting underwriting discounts, commissions, and other offering expenses. The Company’s common stock began trading on the Nasdaq Capital Market under the symbol “VRAR” on July 1, 2021. EF Hutton, division of Benchmark Investments, LLC acted 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 was filed with the SEC. The offering was made only by means of a prospectus. Copies of the final prospectus 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 [email protected] 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 S...