The Glimpse Group, which owns and operates a portfolio of virtual and augmented reality companies, raised $12 million by offering 1.8 million shares (6% secondary) at $7, within the range of $6 to $8.
Glimpse Group is a hardware agnostic virtual (VR) and augmented (AR) reality platform company, comprised of a diversified group of wholly-owned and operated VR and AR companies, providing enterprise-focused software, services, and solutions. The company currently owns and operates eight wholly-owned subsidiaries that target a wide array of industry verticals, including corporate training, education, and healthcare, among others. Glimpse does not currently target direct-to-consumer VR/AR software or services, only business-to-business and business-to-business-to-consumer.
The Glimpse Group plans to list on the Nasdaq under the symbol VRAR. EF Hutton acted as sole bookrunner on the deal.
