Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 484

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 484
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 principal Yorkville CD, with a fair value of $538 thousand, was converted into 812,347 common shares.
Lastly, in November and December 2024, the Company made a series of cash payments, totaling $1.9 million to Yorkville, reducing its principal
balance by $1.8 million after application of the 7% cash payment premium. The outstanding principal balance on the Yorkville CD as of
December 31, 2024 was $4.1 million.

The
fair value of the Yorkville 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  
    July 8,
                                                                                2024 
  
    Share price 
    $0.83  
    $1.26 
  
    Conversion price 
     7%
discount to market   
     7%
discount to market  
  
    Term, in years 
     0.52  
     1.00 
  
    Interest rate 
     0.00% 
     0.00%
  
    Expected volatility 
     100.00% 
     105.00%
  
    Risk-free interest rate 
     4.24% 
     4.99%
  
    Expected dividend yield 
     0% 
     0%

(d)
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.

The
fair value of the Gigamoon 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 15, 2024 
  
    Share price 
    $0.83  
    $0.91 
  
    Conversion price 
    $2.50  
    $2.50 
  
    Term, in years 
     4.87  
     4.92 
  
    Interest rate 
     7.50% 
     7.50%
  
    Expected volatility 
     120.00% 
     120.00%