Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 497

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 497
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 exercise price of
$1.55 and a contractual term of 5 years. The relative fair value of the warrants of $1.1 million was estimated using the Black-Scholes
option pricing model with the following assumptions: share price of $1.56, expected dividend yield of 0%, expected volatility rate of
120.00%, based on the historical volatility of comparable companies, a risk free rate of 3.36% and an expected life of 5 years. The warrants
have an exercise price in USD and are equity-classified.

    F-42

The
following is a summary of equity-classified warrants outstanding as of December 31, 2024 and 2023, and changes during the periods then
ended:

 Schedule of warrants outstanding

    Weighted-average 

    Number of  
    exercise price 

    warrants  
    (CAD) 
  
    Outstanding, December 31, 2022 
     927,228  
     23.51 
  
    Reclassify GSQ Esports Inc. warrants to warrant liability 
     (927,228) 
     (23.51)
  
    Outstanding, December 31, 2023 
     -  
    $- 

    Weighted-average 

    Number of  
    exercise price 

    warrants  
    (USD) 
  
    Outstanding, December 31, 2022 
     -  
    $- 
  
    Acquisition of Engine 
     877,891  
     60.00 
  
    Outstanding, December 31, 2023 
     877,891  
    $60.00 
  
    Warrants expired 
     (877,891) 
     60.00 
  
    PIPE Financing 
     1,079,136  
     1.55 
  
    Acquisition of FaZe 
     775,415  
     87.85 
  
    Outstanding, December 31, 2024 
     1,854,551  
    $37.63 

17.
Related party transactions

(a)
Credit facility payable

On
June 30, 2022, the Company entered into an agreement for a $5.0 million credit facility (the “Facility”) for a 1one-year term
with Goff & Jones Lending Co, LLC., a related party to the Company by virtue of