Company: GVSE
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0001493152-25-003624
Chunk: 89

Company: Gameverse Interactive Corp
Filing Date: 2025-01-24
Form: DRS/A
Chunk 89
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 Company for its initial public offering.

Note 6– Capital Stock

At December 31, 2023, and 2022, the Company’s authorized common stock consists of 190,000,000 shares of common stock, par value $0.001 per share. The Company is also authorized to issue 10,000,000 shares of preferred stock, par value of $0.001 per share.

Friends and Family Direct Offering

During 2023 six individuals purchased 193,500 shares of common stock at $2 per share and seven individuals purchased 872,500 shares of common stock at par value of $0.001 per share.The Company valued the shares at $2 per share and recorded compensation expense
of $1,744,128 and $0 for these shares at December 31, 2023 and 2022, respectively.

| F-10 |

Note 6– Capital Stock, continued

On December 15, 2022, the Company issued the two Company founders a total of 9,900,000 common shares of stock, par value $0.001. The one founder was issued 6,200,000 while the other founder was issued 3,700,000 shares.

Note 7 – Stock Warrants

Common Stock

A summary of warrant activity for the year ended December 31, 2023 is as follows:

| Warrants                
 Outstanding             
 at December 31, 2022    |     | Shares |       0 |     | Weighted- 
 Average   
 Exercise  
 Price     | — |     | Weighted-   
 Average     
 Remaining   
 Contractual 
 Term        | — |     | Aggregate 
 Intrinsic 
 Value     | — |
|:------------------------|:----|:-------|--------:|:----|:----------|--:|:----|:------------|:--|:----|:----------|:--|
| Granted                 |     |        | 193,500 |     |           | 3 |     |             | — |     |           | — |
| Exercised               |     |        |       — |     |           | — |     |             | — |     |           | — |
| Forfeited               
 or expired              |     |        |       — |     |           | — |     |             |   |     |           |   |
| Outstanding             
 at December 31, 2023    |     |        | 193,500 |     |