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SUBSEQUENT EVENTS
12 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 16. SUBSEQUENT EVENTS

 

In August 2026, as part of the transformation from a portfolio of businesses into a focused technology company centered on SpatialCore, the Company:1) merged all of its subsidiary companies into the parent, The Glimpse Group, Inc., and 2) changed the name of the Company to Brightline Interactive, Inc. In conjunction therewith, the Company’s Nasdaq ticker changed to “BTLN” (previously “GGRP”).

 

As detailed in Note 3, the Company declared an 1:8 reverse stock split effective with the opening of public equity markets on September 28, 2026. This is in an effort to remediate the delisting notification from the Nasdaq received on September 11, 2026, which listing suspension is currently stayed pursuant to a hearing request with the Nasdaq pending the issuance of a written decision by the hearings panel.

 

On September 23, 2026 the Company entered into a $1.25 million SPA, which provides for the issuance of a reverse split adjusted amount of 223,214 common shares and a like amount of warrants convertible on a one for one basis into Company common stock. The warrants are immediately exercisable at a reverse split adjusted price of $16.00 per share. The Company anticipates the full gross proceeds to be received by September 30, 2026. This transaction does not change the Company’s status described in Note 2. Going Concern.