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The Glimpse Group Inc. (VRAR) announced it has engaged Lucid Capital Markets LLC as its investment banking partner to facilitate a potential initial public offering and spinoff of its subsidiary Brightline Interactive.
Brightline Interactive operates through its SpatialCore product, providing spatial computing and AI-driven operational simulation middleware software to the Department of War and enterprise clients. The subsidiary creates AI-supported workflows for dynamic synthetic environments including digital twins, robotics, drones and autonomous vehicles.
The company stated its goal is to establish Brightline Interactive as an independent publicly traded entity focused on spatial computing and AI-driven cloud operational simulation middleware. The Glimpse Group noted there is no guarantee of success but expects the process to develop over the coming months, with potential completion in the first quarter of 2026.
Brightline Interactive specializes in integrating multimodal and real-time data to enhance decision-making and training capabilities for both human and machine applications. The subsidiary’s platform provides cloud-centric synthetic data simulation, digital twins, extended reality and AI tools for government and commercial customers.
The Glimpse Group describes itself as a diversified immersive technology platform company providing enterprise-focused immersive technology, spatial computing and AI-driven software and services. The announcement was made in accordance with Rule 135 under the Securities Act of 1933.