Company: GVSE
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0001493152-25-003624
Chunk: 25

Company: Gameverse Interactive Corp
Filing Date: 2025-01-24
Form: DRS/A
Chunk 25
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proxy statements and (v) exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder
approval of any golden parachute payments not previously approved. The Company has taken, and in the future may take, advantage of these
exemptions until such time that it is no longer an “emerging growth company. As a result, the Company’s financial statements
may not be comparable to companies that comply with public company effective dates. The Company cannot predict if investors will find
its Common Stock less attractive because it relies on these exemptions. If some investors find the Company’s Common Stock less
attractive as a result, there may be a less active trading market for the Common Stock and the price of the Common Stock may be more
volatile.

The Company will remain an “emerging
growth company” for up to five years, although it will lose that status sooner if its annual revenues exceed $1.235 billion, if
it issues more than $1 billion in non-convertible debt in a three-year period, or if the market value of the Common Stock that is held
by non-affiliates exceeds $700 million as of any June 30.

Upon listing of our shares of common stock on the Nasdaq, we will be a “controlled company” within the meaning of the rules of the Nasdaq and, as a result, we will qualify for, and intend to rely on, exemptions from certain corporate governance requirements. You will not have the same protections as those afforded to shareholders of companies that are subject to such governance requirements.

After completion of this offering,
Jared Thau and Jordan Thau will continue to control a majority of the voting power of our outstanding common stock. As a result, we will
be a “controlled company” within the meaning of the corporate governance standards of the Nasdaq. Under these 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                                                                                                                                    
 requirement that a majority of our Board consist of independent directors;                                                             |
| ● | the                                                                                                                                    
 requirement that we have a nominating and corporate governance committee that is composed entirely of independent directors with       
 a written charter addressing the committee’s purpose and responsibilities;                                                             |
| ● | the                                                                                                                                    
 requirement that we have a compensation committee that is composed entirely of independent directors with a written charter addressing