8-K

Glimpse Group, Inc. (GGRP)

8-K 2022-06-21 For: 2022-06-21
View Original
Added on April 06, 2026

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 21, 2022

THE

GLIMPSE GROUP, INC.

(Exact name of registrant as specified in charter)

Nevada 001-40556 81-2958271
(State<br> or other jurisdiction (Commission (IRS<br> Employer
of<br> incorporation) File<br> Number) Identification<br> No.)

15West 38th St., 9th Fl.

NewYork, NY 10018

(Address of principal executive offices) (Zip Code)

(917)-292-2685

(Registrant’s telephone number, including area code)

NotApplicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common<br> Stock VRAR The<br> Nasdaq Stock Market LLC<br><br> <br>(The<br> Nasdaq Capital Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mart if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item7.01 Regulation FD Disclosure.

On June 21, 2022, The Glimpse Group, Inc. (the “Company”) issued a press release announcing the appointment of Sam Losar as General Manager of its wholly-owned subsidiary company KreatAR, LLC (dba Post Reality).

A copy of the press release is attached herewith as Exhibit 99.1.

The information in this Item 7.01 disclosure, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section. In addition, the information in this Item 7.01 disclosure, including Exhibits 99.1, shall not be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item9.01 Exhibits

Exhibit No. Description
99.1 Press Release dated June 21, 2022
104 Cover<br> Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags<br> are embedded within the Inline XBRL document

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 21, 2022

THE GLIMPSE GROUP, INC.
By: /s/ Lyron Bentovim
Lyron Bentovim
Chief<br> Executive Officer

Exhibit99.1


TheGlimpse Group Appoints Accomplished Technology Growth Executive, Sam

Losar,as General Manager of Post Reality


HireExpected to Propel Post Reality’s Enterprise-Focused Augmented Reality SaaS Revenue

Growthand Scaling

NEWYORK, NY / June 21, 2022 / The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR), a diversified Virtual Reality (“VR”) and Augmented Reality (“AR”) platform company providing enterprise-focused VR and AR software and services solutions, announced today the appointment of seasoned technology executive Sam Losar as General Manager of its wholly-owned subsidiary company KreatAR, LLC (dba Post Reality). Liron Lerman, Post Reality’s current General Manager, will transition to serve as Post Reality’s Founder, Chief Product Officer and Chief Technology Officer.

Mr. Losar has more than 25 years of experience leading international and domestic businesses and driving growth in the technology sector, with a proven track-record for delivering results. Prior to joining Post Reality, for 8 years he served as CEO of YCD Multimedia, a global provider of integrated Digital Out-of-Home software solutions with operations in the U.S., Israel, EMEA and Asia. Previously, Mr. Losar established and built Synelec Visual Systems, a global leader in providing turn-key intelligent visualization solutions to the Command-and-Control and Broadcast markets, with high-profile implementations including the Nasdaq MarketSite video wall in Times Square, NYSE, CNBC, Pfizer, U.S. Government and Con Edison. During his career, Mr. Losar has negotiated and developed partnerships with companies such as NASDAQ, Microsoft, Cisco, AT&T, T-Mobile, other Fortune 500 companies and various Department of Defense entities. Mr. Losar holds an MBA from Pace University, New York, and a BSc in Industrial Engineering and Management from the Technion - Israel Institute of Technology.

Video link: https://player.vimeo.com/video/722326185

Mr. Losar commented, “I am thrilled to have the opportunity to lead Post Reality into its next exciting phase as we push forward with a go-to market strategy to scale our enterprise AR presentation software solutions. Under Liron Lerman’s leadership, Post Reality developed a cutting-edge portfolio of AR technology solutions, capabilities and a SaaS platform. Liron and I will work together to make Post Reality a leader in the enterprise AR presentation space.”

Mr. Lerman commented, “We are privileged to welcome an experienced technology business leader like Sam to the Post Reality team and l look forward to leveraging his experience in scaling our AR platform. In addition to our two issued AR patents, Post Reality has built a suite of enterprise focused AR software tools including a scalable SaaS platform, custom enterprise apps, content creation capabilities and an XR backend that we believe is highly competitive across a broad spectrum of targeted industries.”

“As Post Reality transitions toward enterprise deployment, it is critical that we enhance its business leadership to capture the significant opportunities in front of it, while maintaining its strong technological edge”, said Lyron Bentovim, President & CEO of The Glimpse Group. “I would like to thank Liron for his strong contribution in leading Post Reality to this inflection point, building a world-class, enterprise ready SaaS AR platform which is now poised for a strong go-to market push. In parallel, I would like to acknowledge Sam’s capabilities in scaling world-class technology companies. His expertise in leading global tech organizations and partnering with multinational and Fortune 500 companies should be of great value as Post Reality strives to become a market leader in the enterprise AR presentation space.”

AboutThe Glimpse Group


The Glimpse Group (NASDAQ:VRAR, FSE:9DR) 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.

AboutPost Reality

Post Reality is an Augmented Reality solutions provider enabling users and organizations to effectively create, edit, and deploy personalized and specialized AR experiences and presentations. Offering a comprehensive, intuitive suite of AR design tools as well as bespoke AR white-label experiences, Post Reality is breaking new ground in AR functionality in the EdTech, academic presentation, and professional conference spaces. For more information on Post Reality, please visit www.postreality.io.

SafeHarbor 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,”, “view,” “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.


GlimpseContact


Maydan Rothblum

CFO & COO

The Glimpse Group, Inc.

917-292-2685

maydan@theglimpsegroup.com

InvestorRelations


Mark Schwalenberg, CFA

Director

MZ Group - North America

312-261-6430

Glimpse@mzgroup.us

www.mzgroup.us