GlassBridge Enterprises, Inc.
GLAE
Other OTC28.00
USD
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GlassBridge Enterprises, Inc.
GLAE
(Other OTC)
Recent
price
28.00
P/E
ratio
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div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- GlassBridge Enterprises, Inc. (GLAE) operates as a holding company focused on asset management in the United States, providing investment advisory services to third-party investors through managed funds and separately managed accounts; it previously maintained a sports technology platform via its majority-owned subsidiary SportBLX but divested its entire interest in SportBLX to Fintech Debt Corp in December 2021 for $137,038. The company, formerly known as Imation Corp., rebranded in February 2017 following its exit from data storage manufacturing, and conducts its asset management business primarily through subsidiaries including GlassBridge Asset Management, LLC and Adara Asset Management, LLC, emphasizing technology-driven and quantitative investment strategies for institutional clients seeking uncorrelated assets with equity-like returns. Incorporated in 1996 and headquartered at 18 East 50th Street, Floor 7, New York, New York, GlassBridge employs five people and targets the financial services sector with operations confined to the U.S. Recent developments include a July 2024 securities purchase agreement with Alex Spiro for up to $10 million in gross proceeds via a promissory note at 9.25% interest maturing July 2025 (extendable to January 2026), accompanied by warrants and restricted stock units; a February 2024 loan and security agreement involving subsidiary GB HRP, LLC with Point Digital Finance, Inc.; an amendment to a stock purchase agreement with Tacora Capital, LP in February 2024; and a December 2023 program agreement among GB HRP, LLC, Point Digital Finance, and Point Titling Trust, alongside ongoing SEC administrative proceedings initiated in September 2025 for delinquent periodic filings including failure to submit reports since a 10-Q in 2021.
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