Glimpse Group Inc (The)

NASDAQ:VRAR   3:59:50 PM EDT
8.20
-0.42 (-4.87%)
Mergers / Acquisitions

The Glimpse Group Acquires Immersive Technology Company Sector 5 Digital

Published: 12/02/2021 18:28 GMT
Glimpse Group Inc (The) (VRAR) - The Glimpse Group Acquires Immersive Technology Company Sector 5 Digital.
Glimpse Group Inc - Total Potential Purchase Price of $27 Million, With Initial Payment of $8 Million ($4 Million Cash and $4 Million Common Shares).
Glimpse Group Inc - $19 Million of Potential Purchase Price is Dependent on Achievement of Revenue Growth Milestones Over Next Three Years.
Glimpse Group Inc - Transaction is Expected to Be Immediately Accretive to Glimpse.