Company: GVSE
Filing Date: 2025-03-24
Form Type: S-1
Source: 0001641172-25-000381
Chunk: 45

Company: Gameverse Interactive Corp
Filing Date: 2025-03-24
Form: S-1
Chunk 45
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 will be available to accommodate any expansion of our operations.

Legal Proceedings

From time to time we are subject to actual or threatened legal proceedings, claims, investigations and government inquiries arising in the ordinary course of business, including legal proceedings, claims, investigations and government inquiries involving intellectual property, data privacy and data protection, privacy and other torts, illegal or objectionable content, consumer protection, securities, employment, contractual rights, civil rights infringement, false or misleading advertising, or other legal claims relating to content or information that is provided to us or published or made available on our service. This risk is enhanced in certain jurisdictions outside of the U.S. where our protection from liability for content published on our platform by third parties may be unclear and where we may be less protected under local laws than we are in the U.S. Based on our current knowledge, we believe that the amount or range of reasonably possible losses will not, either individually or in the aggregate, have a material adverse effect on our business, results of operations, cash flows or financial condition. Defending such proceedings is costly and can impose a significant burden on management and employees. The results of any litigation cannot be predicted with certainty, and an unfavorable resolution in any legal proceedings could materially affect our future business, results of operations, or financial condition. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs (including unfavorable preliminary or interim rulings), diversion of management resources, and other factors.

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                                                                                                                      
 have a compensation committee that is composed entirely of independent directors; and                                   |
| ● | we                                                                                                                      
 have a nominating and corporate governance committee that is composed entirely of independent directors.                |

As a controlled company, we will remain
subject to the rules