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") indicating that the Company no longer meets the minimum bid price requirement for continued listing on the Nasdaq Capital Market. This notification was triggered by the closing bid price of the Company's common stock falling below $1.00 for 30 consecutive business days, as stipulated under Nasdaq Marketplace Rule 5550(a)(2). The notification does not have an immediate effect on the listing of the Company's common stock, which will continue to trade uninterrupted under the ticker symbol "GGRP". The Company has a period of 180 calendar days from the date of the notification, until September 9, 2026, to regain compliance with the minimum bid price requirement. If 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 before this deadline, Nasdaq will notify the Company of its compliance. Furthermore, if the Company fails to regain compliance by the deadline, it may be eligible for an additional 180-day compliance period, provided it meets other listing requirements. The Board of Directors is exploring various options to maximize shareholder value and address this compliance issue.
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