Glimpse Group flagged for Nasdaq $1 bid price breach

(Moderate)

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

The Glimpse Group, Inc. reported that it received a notice from Nasdaq on March 13, 2026 stating that its common stock no longer meets the Nasdaq Capital Market minimum bid price requirement of $1.00 per share, after trading below that level for 30 consecutive business days.

The company has 180 calendar days, until September 9, 2026, to regain compliance, which would occur if its closing bid price is at or above $1.00 for at least 10 consecutive business days. The shares continue to trade on Nasdaq under the symbol GGRP, and the notice does not immediately affect the company’s business, operations, or SEC reporting obligations.

If compliance is not regained by September 9, 2026, the company may qualify for an additional 180-day period if it meets other Nasdaq Capital Market initial listing standards and notifies Nasdaq of its intention to cure the deficiency, potentially through a reverse stock split. Nasdaq staff could move to delist the shares if the deficiency is not cured or eligibility conditions are not met.

Positive

None.

Negative

Nasdaq minimum bid price deficiency and delisting risk: The company’s stock has traded below $1.00 for 30 consecutive business days, putting it out of compliance with Nasdaq Capital Market rules and starting a 180-day cure period, with potential delisting if the deficiency is not resolved.

Insights

Nasdaq bid-price noncompliance creates delisting risk, with cure paths and timelines defined.

The Glimpse Group has fallen out of compliance with the Nasdaq Capital Market’s $1.00 minimum bid requirement after 30 consecutive business days below that level. This triggers a formal 180-day remediation window ending on September 9, 2026, but does not immediately disrupt trading in GGRP shares.

The rules-based framework provides potential relief: if the stock closes at or above $1.00 for 10 straight business days within this period, compliance is restored. Failing that, the company may seek an additional 180-day extension by satisfying other initial listing standards, including market value of publicly held shares.

Management explicitly references options such as a possible reverse stock split to address the deficiency and states that the board will explore measures to maximize shareholder value. The ultimate impact on investors will depend on share price performance relative to Nasdaq’s thresholds and whether a structural action like a split is implemented during the defined compliance periods.

8-K Event Classification

Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1 item

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Nasdaq notice did The Glimpse Group (GGRP) receive about its stock?

The Glimpse Group received a Nasdaq notice that its common stock no longer meets the Capital Market minimum bid price requirement of $1.00 per share. This followed 30 consecutive business days with a closing bid below $1.00, triggering a formal noncompliance process and cure timeline.

How long does GGRP have to regain Nasdaq minimum bid price compliance?

The company has 180 calendar days from March 13, 2026, until September 9, 2026, to regain compliance. It will be back in good standing if the closing bid price is at or above $1.00 per share for at least 10 consecutive business days during this period.

Can The Glimpse Group (GGRP) get more time beyond September 9, 2026?

Yes. If it has not regained the $1.00 bid price by September 9, 2026, it may receive an additional 180 days. To qualify, it must meet all other initial listing standards for the Nasdaq Capital Market, including market value of publicly held shares, and notify Nasdaq of its plan to cure.

What happens if GGRP cannot fix the Nasdaq bid price deficiency?

If the company fails to regain compliance and does not qualify for, or use, an additional cure period, Nasdaq staff may move to delist its securities. Delisting would follow a notice from Nasdaq if it appears the deficiency cannot be cured or listing standards are otherwise not met.

Is GGRP stock still trading on Nasdaq after the bid price notice?

Yes. The company states that receiving the Nasdaq notice has no immediate effect on the listing of its common stock. Shares will continue to trade uninterrupted on the Nasdaq Capital Market under the ticker symbol GGRP while the company works through the defined compliance periods.

What steps might The Glimpse Group take to regain Nasdaq compliance?

The company indicates it may consider various measures to address the minimum bid price deficiency. If needed for an additional compliance period, it may effect a reverse stock split, subject to meeting other Nasdaq initial listing standards, while its board continues exploring options to maximize shareholder value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 05:00 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 13, 2026

THE GLIMPSE GROUP, INC.

(Exact name of registrant as specified in charter)

Nevada	001-40556	81-2958271
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

15 West 38th St., 12th Floor

New York, NY 10018

(Address of principal executive offices) (Zip Code)

(917)-292-2685

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, par value $0.001 per share		GGRP		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On March 13, 2026, The Glimpse Group, Inc. (the “Company”) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for the prior 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued listing on the Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2), requiring a minimum bid price of at least $1.00 per share (the “Minimum Bid Price Requirement”).

The notification has no immediate effect on the listing of the Company’s common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from March 13, 2026, or until September 9, 2026, to regain compliance with the Minimum Bid Price Requirement. If at any time before September 9, 2026, the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement.

The notification letter also disclosed that in the event the Company does not regain compliance with the Minimum Bid Price Requirement by September 9, 2026, the Company may be eligible for additional time. To qualify for additional time, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days to regain compliance. However, if it appears to the staff of Nasdaq (the “Staff”) that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, the Staff would notify the Company that its securities will be subject to delisting.

The Company’s receipt of the notification letter has no immediate effect on the listing of the Company’s shares, which will continue to trade uninterrupted on Nasdaq under the ticker “GGRP”. In addition, it does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission. In order to regain compliance with the Minimum Bid Price Requirement, the Company may consider various potential measures to resolve the deficiency. The Board of Directors of the Company will continue to explore all options to maximize shareholder value.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 18, 2026

THE GLIMPSE GROUP, INC.

By:	/s/ Lyron Bentovim
	Lyron Bentovim
	Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

Glimpse Group flagged for Nasdaq $1 bid price breach