The Glimpse Group shares surge 10.29% intraday as BLI spinout/IPO progress and Foretell AI traction boost optimism.

The Glimpse Group surged 10.29% intraday following its strategic update outlining plans to spin off or IPO its Brightline Interactive (BLI) subsidiary, a Pure Play provider of AI and spatial computing solutions for defense and enterprise clients. The update highlighted BLI’s potential Nasdaq listing by mid-2026, active discussions with defense tech investors, and growing traction in Foretell AI’s immersive simulations across education and healthcare. A contract with a New York-based university for AI-driven immersive infrastructure further underscored near-term revenue potential. The company also emphasized a strong cash position, no debt, and flexibility via S3/ATM facilities, reinforcing investor confidence in its capital-efficient growth strategy. These developments, coupled with management’s focus on unlocking undervalued shareholder potential through strategic divestitures and add-ons, directly aligned with the intraday rally.