SCHEDULE 13G/A: Braden Ferrari and Gilded Conquest LLC Increase Stake in Glimpse Group to 6.2%

Braden Ferrari and Gilded Conquest LLC have increased their beneficial ownership in Glimpse Group, Inc. to an aggregate of 1,301,892 shares, representing 6.2% of the common stock outstanding.

Summary

• Braden Ferrari and Gilded Conquest LLC, an entity managed by Mr. Ferrari, have jointly filed an Amendment No. 24 to Schedule 13G.
• The filing indicates that Mr. Braden Ferrari acquired an additional 4,800 shares of Glimpse Group, Inc.'s common stock.
• As of April 23, 2025, the reporting persons collectively beneficially own 1,301,892 shares of Glimpse Group, Inc. common stock.
• This aggregate ownership represents approximately 6.2% of the Issuer's common stock outstanding.
• The percentage is calculated based on 21,043,756 shares of common stock outstanding, as reported in the Issuer's 10Q filed on February 13, 2025.
• Braden Ferrari holds sole voting and dispositive power over 615,853 shares and shared voting and dispositive power over 686,039 shares.
• Gilded Conquest LLC holds shared voting and dispositive power over 686,039 shares.
• The shares were acquired through personal funds or working capital, with 1,000,000 shares initially issued to Gilded Conquest as founder shares, of which 395,616 were subsequently transferred.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. An increase in beneficial ownership by a significant holder, especially one involved with the company (as implied by 'founder shares'), can be seen as a vote of confidence. However, it's a routine disclosure without specific operational or financial performance updates.

Positives

• Increased beneficial ownership by a key individual (Braden Ferrari) and an associated entity (Gilded Conquest LLC) may signal confidence in the company's future prospects.
• The acquisition of additional shares (4,800) by Mr. Ferrari demonstrates continued investment in the company.

Future Outlook

The document is a Schedule 13G filing, which primarily discloses beneficial ownership and does not typically contain forward-looking statements or guidance regarding the issuer's future performance or strategy.

Industry Context

This filing is specific to an individual and an associated entity's ownership stake in Glimpse Group, Inc. and does not provide broader insights into industry trends or competitive landscape. It reflects an investor's position within the virtual and augmented reality sector, where Glimpse Group operates.

Related Party Transactions

• 1,000,000 shares of the Issuer's common stock were initially issued to Gilded Conquest LLC as founder shares, of which 395,616 shares were subsequently transferred. Gilded Conquest LLC is managed by Braden Ferrari, one of the reporting persons.

Stakeholder Impact

• Shareholders: The increased stake by a significant holder may be viewed positively, potentially signaling confidence in the company's long-term value.
• Management: The continued investment by a founder-related entity could indicate alignment of interests with the company's strategic direction.

Key Dates

Recommendation

Keywords

Glimpse Group, Braden Ferrari, Gilded Conquest LLC, SEC filing, Schedule 13G, beneficial ownership, common stock, shareholding, investor update