Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 982

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 982
---
, 2023 
  
    Share price 
    $1.20  
    $1.78 
  
    Conversion price 
    $3.04  
    $5.00 
  
    Term, in years 
     1.50  
     2.00 
  
    Interest rate 
     12.75% 
     12.75%
  
    Expected volatility 
     105.00% 
     110.00%
  
    Risk-free interest rate 
     4.90% 
     4.23%
  
    Expected dividend yield 
     0% 
     0%

(b)
Three Curve CD

On
September 1, 2022, Engine extended convertible debentures that were due to mature in October and November 2022 with an aggregate principal
amount of $1.3 million. Key terms include (a) a maturity date of August 31, 2025, (b) an interest rate of 7% per annum (interest to be
paid in full at maturity) and (c) a conversion price of $4.40 per share.

The
fair value of the Three Curve CD was estimated using the binomial lattice model with the below assumptions:

 Schedule of detailed information about fair value of convertible debentures

    December 31, 2024  
    December 31, 2023 
  
    Share price 
    $0.83  
    $1.78 
  
    Conversion price 
    $4.40  
    $4.40 
  
    Term, in years 
     0.67  
     1.67 
  
    Interest rate 
     7% 
     7%
  
    Expected volatility 
     95.00% 
     115.00%
  
    Risk-free interest rate 
     4.21% 
     4.42%
  
    Expected dividend yield 
     0% 
     0%

    F-35

(c)
Yorkville CD

Key
terms of the Yorkville CD include (a) a maturity date of July 8, 2025, (b) an interest rate of 0% per annum and (c) a conversion price
equal to the lower of (i) $1.375 per common share or (ii) a price per common share equal to 93% of the lowest daily VWAP during the seven
consecutive trading days immediately