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

Braden Ferrari and Gilded Conquest LLC have filed an Amendment No. 23 to their Schedule 13G, disclosing an increased beneficial ownership of 1,297,092 shares, representing 6.2% of Glimpse Group, Inc.'s common stock.

Summary

• Braden Ferrari and Gilded Conquest LLC jointly filed Amendment No. 23 to their Schedule 13G regarding Glimpse Group, Inc. common stock.
• The reporting persons beneficially own an aggregate of 1,297,092 shares of Glimpse Group, Inc. common stock.
• This aggregate ownership represents approximately 6.2% of the Issuer's common stock outstanding, based on 21,043,756 shares as reported in the Issuer's 10Q filed on February 13, 2025.
• Braden Ferrari's beneficial ownership includes 611,053 shares with sole voting and dispositive power, and 686,039 shares with shared voting and dispositive power.
• Gilded Conquest LLC's beneficial ownership includes 686,039 shares with shared voting and dispositive power.
• Mr. Ferrari acquired an additional 9,351 shares of the Issuer's common stock.
• The filing corrects errors from the prior amendment, where shared voting power was incorrectly stated as 731,243 and aggregate amount beneficially owned was incorrectly stated as 1,332,945.
• The shares are owned by Gilded Conquest LLC, an entity managed by Mr. Ferrari.
• Except for 1,000,000 founder shares initially issued to Gilded Conquest (of which 395,616 were subsequently transferred), all other shares were purchased with the Reporting Persons' personal funds or working capital.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive due to an increase in beneficial ownership by a significant holder, indicating continued investment and confidence, despite the correction of prior reporting errors.

Positives

• Braden Ferrari, a key reporting person and manager of Gilded Conquest LLC, increased his aggregate beneficial ownership by 9,351 shares, indicating continued investment.
• The reporting persons collectively hold a significant 6.2% stake in Glimpse Group, Inc., which can be interpreted as a sign of confidence in the company's future.

Negatives

• The filing notes corrections to errors in the prior amendment regarding shared voting power and aggregate beneficial ownership, which could indicate past reporting inaccuracies.

Risks

• No specific risks related to the company's operations or financial health are detailed in this ownership disclosure. The filing is solely a disclosure of beneficial ownership.

Future Outlook

NA

Industry Context

This filing is a standard ownership disclosure and does not provide specific industry context or trends. It reflects an individual and associated entity's investment position within the virtual and augmented reality industry, where Glimpse Group operates.

Comparison to Industry Standards

• NA

Related Party Transactions

• Gilded Conquest LLC, an entity managed by Braden Ferrari, was issued 1,000,000 founder shares of Glimpse Group, Inc. common stock, of which 395,616 shares were subsequently transferred.

Stakeholder Impact

• Shareholders may view the increased stake by a significant holder (Braden Ferrari and Gilded Conquest LLC) as a positive sign of confidence in the company's future.

Next Steps

• NA

Key Dates

Keywords

Glimpse Group Inc., GLIMPSE, Schedule 13G, Beneficial Ownership, Braden Ferrari, Gilded Conquest LLC, Common Stock, SEC Filing, Shareholder Disclosure, Insider Ownership