SCHEDULE 13G/A: Braden Ferrari and Gilded Conquest LLC Update Significant Stake in Glimpse Group, Inc.
Beneficial Ownership Report
Braden Ferrari and Gilded Conquest LLC have filed an Amendment No. 22 to their Schedule 13G, updating their beneficial ownership in Glimpse Group, Inc. to an aggregate of 1,332,945 shares, representing approximately 6.2% of the common stock outstanding.
Summary
- Braden Ferrari and Gilded Conquest LLC jointly filed an Amendment No. 22 to their Schedule 13G, updating their beneficial ownership in Glimpse Group, Inc.
- As of March 20, 2025, the Reporting Persons (Braden Ferrari and Gilded Conquest LLC) collectively beneficially own 1,332,945 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 outstanding as reported in the Issuer's 10Q filed on February 13, 2025.
- Braden Ferrari individually beneficially owns 1,332,945 shares, comprising 601,702 shares with sole voting and dispositive power, and 731,243 shares with shared voting and dispositive power.
- Gilded Conquest LLC beneficially owns 731,243 shares, all with shared voting and dispositive power, as it is an entity managed by Mr. Ferrari.
- Mr. Braden Ferrari acquired an additional 10,704 shares of the Issuer's common stock since the previous filing.
- The shares held by Gilded Conquest LLC include 1,000,000 founder shares initially issued to the entity, of which 395,616 shares were subsequently transferred; all other shares were purchased with personal funds or working capital.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing updating beneficial ownership, with no explicit positive or negative news regarding the company's operations or financial performance.
Positives
- An increase in beneficial ownership by a key individual (Braden Ferrari) and an associated entity (Gilded Conquest LLC) may signal continued confidence in the company's prospects.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategy.
Industry Context
This filing is a routine regulatory update on beneficial ownership and does not provide information related to broader industry trends or competitor analysis.
Related Party Transactions
- Gilded Conquest LLC is a single-member LLC managed by Braden Ferrari, and the shares owned by Gilded Conquest are beneficially owned on behalf of Mr. Braden Ferrari, establishing a related party relationship.
- 1,000,000 founder shares of the Issuer's common stock were initially issued to Gilded Conquest LLC, of which 395,616 shares were subsequently transferred.
Stakeholder Impact
- Shareholders may view the continued and slightly increased stake by a significant individual and associated entity as a sign of ongoing commitment and confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date of Glimpse Group, Inc.'s 10Q filing, which reported 21,043,756 shares of common stock outstanding. |
| 03/20/2025 | Date of event which requires filing of this statement and signature date for the Schedule 13G Amendment No. 22. |
Keywords
Glimpse Group Inc., Braden Ferrari, Gilded Conquest LLC, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Shareholder Update
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