Brief: The Glimpse Group Acquires Immersive Technology Company Sector 5 Digital

Brightline Interactive

02/12/2021 18:23

Dec 2 (Reuters) - Glimpse Group Inc  VRAR.O :
    * THE GLIMPSE GROUP ACQUIRES IMMERSIVE TECHNOLOGY COMPANY SECTOR 5 DIGITAL
    * GLIMPSE GROUP INC - TOTAL POTENTIAL PURCHASE PRICE OF $27 MILLION, WITH INITIAL PAYMENT OF
$8
MILLION ($4 MILLION CASH AND $4 MILLION COMMON SHARES)
    * GLIMPSE GROUP INC - $19 MILLION OF POTENTIAL PURCHASE PRICE IS DEPENDENT ON ACHIEVEMENT OF
REVENUE GROWTH MILESTONES OVER NEXT THREE YEARS
    * GLIMPSE GROUP INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO GLIMPSE

Source text - https://bit.ly/3rDvyQy
Further company coverage:  VRAR.O 

 ((Reuters.Briefs@thomsonreuters.com;))