Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 491

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 491
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of $0.1 million to Yorkville (second half of the SEPA commitment fee).

On
October 2, 2024, 68,493 common shares were issued to King Street in connection with the settlement agreement, for payment of $50 thousand
(see Note 11).

On
October 16, 2024, 28,169 common shares were issued in settlement of outstanding amounts payable of $20 thousand.

On
March 24, 2023 and December 29, 2023, an aggregate of 72,409 shares were issued in settlement of outstanding amounts payable of $0.2
million.

On
April 11, 2023, 6,380,083 shares of the Company were issued for the completion of the Arrangement (see Note 4).

On
April 3 and 10, 2023, an aggregate of 29,929 shares of the Company were issued to settle legal matters.

On
March 10, 2023, 29,359 common shares of the Company were issued for contingent consideration on the acquisition of Cut+Sew.

During
the years ended December 31, 2024 and 2023, 1,088,132 and 125,148 shares were issued upon the vesting of RSUs (see Note 15(b)).

14.
Net loss per share

As
the Company incurred a net loss for the years ended December 31, 2024 and 2023, the inclusion of certain Options, RSUs, warrants, and
contingent shares in the calculation of diluted earnings per share would be anti-dilutive and, accordingly, were excluded from the diluted
loss per share calculation.

The
following table summarizes potential common shares that were excluded as their effect is anti-dilutive:

 Schedule of potential common shares excluded as their effect is anti-dilutive

    Year ended December 31, 

    2024  
    2023 
  
    Options and RSUs outstanding 
     3,339,257  
     1,081,218 
  
    Warrants outstanding 
     1,978,481  
     1,635,802 
  
    Shares issuable upon conversion of convertible debt 
     9,659,520  
     1,444,090 
  
    Total 
     14,977,258  
     4,161,110 

15.
Share-based compensation