Glimpse Group Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
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UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Recent Sale of Unregistered Equity Securities
During the three months ended March 31, 2024, the Company issued approximately 1.41 million shares of Common Stock for:
| Number of Shares · Cash Proceeds · Value of Shares | ||||
|---|---|---|---|---|
| Contingent acquisition obligation | 750,000 | - | 847,500 | |
| Compensation expense | 329,803 | - | 379,035 | |
| Board compensation | 332,642 | 475,678 | ||
| Total | 1,412,445 | $ | - | $1,702,213 |
Please refer to Note 8 of the unaudited condensed financial statements.
The foregoing transactions were exempt from the registration requirements of the Securities Act pursuant to Section 4(a)(2) thereof.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures
Not Applicable.
Item 5. Other Information.
None.
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