Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 89

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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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 

    March
    31, 2025  
    December
    31, 2024 
  
    Share price 
    $0.595  
    $0.83 
  
    Conversion price 
    $4.40  
    $4.40 
  
    Term, in years 
     0.42  
     0.67 
  
    Interest rate 
     7% 
     7%
  
    Expected volatility 
     85.00% 
     95.00%
  
    Risk-free interest rate 
     4.26% 
     4.21%
  
    Expected dividend yield 
     0% 
     0%
  
    Debt instrument measurement input 
     0% 
     0%

(b)
Gigamoon CD

Key
terms include (a) a maturity date of November 13, 2029, (b) an interest rate of 7.5% per annum and (c) a conversion price of $2.50 per
share or 5,725,000 shares of Series A-1 Preferred Stock of Faze Media Inc.

    15

Given
the conversion of the Gigamoon CD on April 1, 2025 as discussed above, the fair value of the Gigamoon CD as of March 31, 2025 was determined
to be its carrying value (principal + accrued interest) of $10.2 million.

The
change in fair values of the Company’s convertible debentures subject to recurring remeasurement at fair value were as follows:

Schedule of convertible debentures subject to recurring remeasurement at fair value 

    Three
    Curve CD  
    Yorkville
    CD 
     
    Gigamoon
    CD  
    Total 
  
    Balance, December 31, 2024 
    $1,629,448  
    $4,852,256 
     
    $9,908,784  
    $16,390,488 
  
    Interest expense 
     21,575  
     - 
     
     184,932