Company: GVSE
Filing Date: 2025-07-16
Form Type: S-1/A
Source: 0001641172-25-019925
Chunk: 52

Company: Gameverse Interactive Corp
Filing Date: 2025-07-16
Form: S-1/A
Chunk 52
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 some of the reduced reporting requirements in this prospectus. Accordingly, the information contained
herein may be different than the information you receive from other public companies in which you hold stock. In addition, an emerging
growth company may delay adopting new or revised accounting standards until such time as those standards apply to private companies.
We have elected to avail ourselves of this exemption from new or revised accounting standards and, therefore, we will not be subject
to the same new or revised accounting standards as other public companies that are not emerging growth companies.

Smaller Reporting Company Status

We are a smaller reporting company as defined
in the Securities Exchange Act of 1934, as amended. We may take advantage of certain of the scaled disclosures available to smaller reporting
companies and will be able to take advantage of these scaled disclosures for so long as (i) the market value of our voting and non-voting common
stock held by non-affiliates is less than $250 million measured on the last business day of our second fiscal quarter or (ii)
our annual revenue is less than $100 million during the most recently completed fiscal year and the market value of our voting and
non-voting common stock held by non-affiliates is less than $700 million measured on the last business day of our second
fiscal quarter. Specifically, as a smaller reporting company, we may choose to present only the two most recent fiscal years of audited
financial statements in our Annual Report on Form 10-K and have reduced disclosure obligations regarding executive compensation
and, if we are a smaller reporting company with less than $100 million in annual revenue, we would not be required to obtain an
attestation report on internal control over financial reporting issued by our independent registered public accounting firm.

Controlled Company Status

After completion of this offering, Jared
Thau and Jordan Thau will continue to control a majority of the voting power in us. As a result, we will be a “controlled company.”
Under the Nasdaq rules, a company of which more than 50% of the voting power for the election of directors is held by an individual,
group or another company is a “controlled company” and may elect not to comply with certain corporate governance requirements,
including the requirements that, within one year of the date of the listing of our common stock:

| ● | we                                                                                                                      
 have a board of directors that is composed of a majority of “independent directors,” as defined under the rules of such 
 exchange;                                                                                                               |
| ● | we