SCHEDULE 13G: Ayrton Capital and Affiliates Disclose 9.9% Passive Stake in Glimpse Group, Inc.
Beneficial Ownership Report
Ayrton Capital LLC, Alto Opportunity Master Fund, SPC Segregated Master Portfolio B, and Waqas Khatri have jointly reported a 9.9% beneficial ownership stake in Glimpse Group, Inc., primarily for investment purposes.
Summary
- Ayrton Capital LLC, Alto Opportunity Master Fund, SPC Segregated Master Portfolio B, and Waqas Khatri (collectively, the "Reporting Persons") have filed a Schedule 13G, disclosing a beneficial ownership of 1,860,380 shares of Glimpse Group, Inc. common stock.
- This aggregate amount represents 9.9% of Glimpse Group, Inc.'s outstanding common stock.
- The ownership is comprised of 1,527,930 shares of common stock directly held and 332,450 shares issuable upon the exercise of certain warrants and conversion of notes.
- The shares issuable from warrants and notes are subject to a 9.99% beneficial ownership blocker, limiting the maximum percentage that can be acquired through these instruments.
- The percentage of class is calculated based on 18,274,217 shares outstanding as of December 20, 2024, as stated in the Issuer's Prospectus Supplement filed on December 26, 2024.
- The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It indicates a significant investment but provides no positive or negative operational news about the company itself.
Positives
- A significant institutional investor and its affiliates have taken a substantial passive stake, potentially indicating confidence in the company's long-term prospects.
- The filing explicitly states the stake is for ordinary course of business and not for control, suggesting a stable, long-term investment.
Risks
- The beneficial ownership blocker of 9.99% on shares issuable from warrants and notes limits the Reporting Persons' ability to increase their stake beyond this threshold through these specific instruments, which could cap their influence or potential upside from these securities.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment in a company, which is a common occurrence in the financial markets. It does not provide specific industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: The disclosure of a significant passive stake by institutional investors could be viewed positively, signaling confidence in the company.
- Company Management: Awareness of a large passive investor group holding nearly 10% of the company.
Key Dates
| Date | Description |
|---|---|
| 2024-12-20 | Date as of which 18,274,217 shares of Common Stock of the Issuer were outstanding, as stated in the Issuer's Prospectus Supplement. |
| 2024-12-26 | Date the Issuer's Prospectus Supplement was filed, which provided the number of outstanding shares. |
| 2024-12-31 | Date of event which requires filing of this statement; the holdings of the Reporting Persons are as of this date. |
| 2025-02-13 | Date the Schedule 13G was signed by Ayrton Capital LLC, Alto Opportunity Master Fund, SPC Segregated Master Portfolio B, and Waqas Khatri. |
Keywords
Glimpse Group, Inc., GLIMPSE, Ayrton Capital LLC, Alto Opportunity Master Fund, Waqas Khatri, Schedule 13G, beneficial ownership, common stock, investment, passive stake, warrants, notes, SEC filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.