Glimpse Group, Inc. 8-K

What Happened

• Glimpse Group, Inc. announced on March 13, 2026 that Nasdaq’s Listing Qualifications Department notified the company it no longer meets the $1.00 minimum bid price requirement under Nasdaq Marketplace Rule 5550(a)(2) after the closing bid was below $1.00 for 30 consecutive business days. The notice does not immediately affect the company’s listing; trading continues on Nasdaq under the ticker GGRP.

Key Details

• Date of notice: March 13, 2026; compliance deadline: 180 calendar days (until September 9, 2026).
• To regain compliance: common stock must close at or above $1.00 per share for at least 10 consecutive business days.
• Possible additional relief: if not compliant by Sept 9, 2026, the company may request an additional 180‑day period only if it meets the market value and other initial listing standards (except the bid price) and provides written notice of intent to cure (potentially via a reverse stock split).
• Listing, trading, business operations and SEC reporting remain unchanged pending resolution.

Why It Matters

• For investors, this is a warning that the stock could face delisting if the company does not regain the required share price or secure additional relief. Delisting can reduce liquidity and make it harder to buy or sell shares.
• The company has a clear timeline and specific actions that would cure the deficiency (10 consecutive business days at $1.00+ or, if eligible, a second compliance period possibly involving a reverse split). Investors should monitor share price, company announcements, and any corporate actions (like a reverse split) that management may pursue.