Glimpse Group Formally Initiated Strategic Realignment Process To Accelerate Value Creation

Strategic Update:

As discussed previously, Glimpse's Board of Directors has approved a formal process of exploring and pursuing various strategic alternatives, all aimed at unlocking and maximizing Glimpse shareholder value in calendar year 2026. These primarily revolve around three focus areas:

• Spin off IPO/Divestiture of Brightline Interactive ("BLI")
• Optimization of our Immersive businesses
• Leveraging our platform, assets and know-how to create sustained shareholder value outside of the Immersive segment

Brightline Interactive ("BLI") Spinout/IPO:

We are actively in the process of potentially IPOing BLI as its own independent, Nasdaq listed company - a PURE PLAY, standalone, well capitalized provider of Physical AI, Spatial Computing, Cloud-based, Operational Simulation Middleware to the Department of War ("DoW") and Big Data enterprises.

In early January 2026, we filed a BLI confidential S1 registration statement with the SEC and are currently in process.

Our goal is to complete the potential BLI IPO in the first half of CY '26 and we believe that we are on track to achieve that. However, there is no guarantee that the IPO will materialize as it is subject to finalizing the SEC and Nasdaq review and approval processes, market conditions and investor interest.

In parallel to the BLI IPO path, we are also actively exploring alternative paths to capitalize BLI and put it in a position to maximize its potential.