Given this tremendous opportunity, we have decided to focus Glimpse's going forward efforts solely on BLI as a pureplay Physical AI company. Glimpse is becoming Brightline ("Strategic Shift"). To facilitate this Strategic Shift:

A tier 1 board will be replacing Glimpse's current board.

Immediate infusion of support capital from a small group, including: Glimpse's largest investor, second largest investor, incoming board members, company co-founders and executives.

Evaluate strategic alternatives for our Immersive tech subsidiary Glimpse Learning and shut down S5D. Our focus is to allow BLI to clearly position itself in the Physical AI space, and sharply focus company efforts and resources on BLI.

Withdrawal of our previously announced BLI IPO process. While much progress had been made, including several rounds with the SEC, ultimately the timing and end result remained elusive and unclear.