Glimpse Group Inc (The)

NASDAQ:VRAR   10:11:16 AM EDT
4.13
-0.07 (-1.67%)
Debt Financing / Related, Earnings Announcements

Glimpse Group Merges Brightline Interactive Into Newly Formed Unit Company

Published: 05/26/2022 13:34 GMT
Glimpse Group Inc (The) (VRAR) - The Glimpse Group Merges Brightline Interactive, a Leading Immersive Technology Company, Into a Newly Formed Subsidiary Company.
Glimpse Group Inc- Total Potential Purchase Price of $32.5 Million, With an Initial Payment of $8 Million.
Glimpse Group - of Total Potential Purchase Price, Up to $15 Million (or About 45%) is in Cash and $17.5 Million (or About 55%) is in Glimpse Common Shares.
Glimpse Group - Transaction is Expected to Be Immediately Accretive to Glimpse.
Glimpse Group -post Deal, Glimpse Expected to Have About $16 Million Cash on Its Balance Sheet, With No Material Liabilities, Preferred Equity Or Debt.
Glimpse Group - Expected Synergies From the Deal Include Increase Glimpse’s Annual Revenue by Approximately 33%.
Revenue is expected to be $0 Million
Adjusted EPS is expected to be $0.00

Next Quarter Revenue Guidance is expected to be $0 Million
Next Quarter EPS Guidance is expected to be $0.00

More details on our Analysts Page.