Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 140

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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 months ended September 30, 2025 and 2024, the inclusion of certain options, restricted
stock units, 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.

    20

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 

    Three and nine months ended September 30, 

    2025  
    2024 
  
    Options and RSUs outstanding 
     5,086,976  
     2,448,725 
  
    Warrants outstanding 
     8,563,568  
     1,978,481 
  
    Shares issuable upon conversion of convertible debt 
     -  
     9,711,104 
  
    Total 
     13,650,544  
     14,138,310 

13.
Share-based compensation

The
Company grants share purchase options (“Options”) for the purchase of common shares to its directors, officers, employees
and consultants.

Options
may be exercisable over periods of up to 10 years as determined by the Board of Directors of the Company. The Option price for shares
that are the subject of any Option shall be fixed by the Board when such Option is granted but shall not be less than the market value
of such shares at the time of grant.

The
Omnibus Plan allows the Company to award restricted share units to directors, officers, employees and consultants of the Company and
its subsidiaries upon such conditions as the Board may establish, including the attainment of performance goals recommended by the Company’s
compensation committee. The purchase price for common shares of the Company issuable under each RSU award, if any, shall be established
by the Board at its discretion. Common shares issued pursuant to any RSU award may be made subject to vesting conditions based upon the
satisfaction of service requirements, conditions, restrictions, time periods or performance goals established by the board.

The
maximum number of common shares available for issuance pursuant to the settlement of RSUs and Options shall be 20% of the issued and
outstanding common shares, or 19.7 million common shares as of September 30, 2025.

(a)
Options

The
following is a summary of Options outstanding as of September 30