SCHEDULE 13G/A: Bruce Grossman Discloses 6.8% Passive Stake in Glimpse Group, Inc.
Beneficial Ownership Report
Bruce Grossman has filed an amended Schedule 13G, revealing a 6.8% beneficial ownership stake in Glimpse Group, Inc. as of December 31, 2024.
Summary
- Bruce Grossman, through Dillon Hill Capital, LLC and Dillon Hill Investment Company II LLC, beneficially owns 1,435,348 shares of Glimpse Group, Inc. Common Stock.
- This ownership represents 6.8% of the Issuer's outstanding Common Stock.
- The percentage is calculated based on 21,043,756 shares of Common Stock outstanding as of February 10, 2025, as reported by Glimpse Group, Inc. in its Quarterly Report on Form 10-Q for the period ended December 31, 2024.
- Grossman holds sole voting and dispositive power over these shares.
- The filing is an Amendment No. 1 to Schedule 13G, indicating a passive investment purpose, not for changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. While a 13G is a factual disclosure, a significant passive stake by an individual investor can be seen as a vote of confidence, without implying any operational or financial improvements.
Positives
- A significant passive stake by an individual investor like Bruce Grossman can signal confidence in the company's long-term prospects.
- The filing indicates a stable, non-activist investment, which can be viewed positively by current management and other shareholders.
Negatives
- The document itself does not contain any negative financial or operational information about Glimpse Group, Inc., as it is solely an ownership disclosure.
Risks
- The document does not explicitly state risks related to Glimpse Group, Inc.'s operations or financial health, as it is a beneficial ownership filing. However, any investment carries inherent market risks.
Future Outlook
This document, a Schedule 13G, is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing is a standard disclosure of a significant passive ownership stake in a publicly traded company. It does not provide specific insights into broader industry trends or competitive landscape, but rather reflects an investor's position within the virtual reality and augmented reality industry, where Glimpse Group, Inc. operates.
Stakeholder Impact
- Shareholders: The disclosure of a significant passive stake by Bruce Grossman provides transparency regarding the ownership structure and may be viewed as a positive signal of investor confidence.
- Management: The filing indicates a passive investment, suggesting no immediate intent to influence control, which may provide stability for current management.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (end of reporting period for beneficial ownership). |
| 02/10/2025 | Date as of which 21,043,756 shares of Common Stock were reported outstanding by the Issuer in its Quarterly Report on Form 10-Q for the period ended December 31, 2024. |
| 02/14/2025 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
Glimpse Group Inc., Bruce Grossman, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing, Dillon Hill Capital, Dillon Hill Investment Company
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