Company: GMER
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010826
Chunk: 12

Company: GOOD GAMING, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 B Preferred Share. The 57,663 issued and outstanding shares of Series E Preferred Stock are convertible into shares of common
stock at a rate of 1,000 common shares for each Series E Preferred Share. If all of our Series A, B and E Preferred Stock are converted
into shares of common stock, the number of issued and outstanding shares of our common stock will increase by 61,672,201 shares.

    F-9

The 1 issued and outstanding share of Series C Preferred
Stock has voting rights equivalent to 51% of all shares entitled to vote and is held by ViaOne Services LLC, a Company controlled by our
CEO.

The Series D Preferred Stock can be convertible into
shares of common stock at the lower of the Fixed Conversion Price ($.06 per share) or at the VWAP which shall be defined as the average
of the five (5) lowest closing prices during the 20 days prior to conversion. We did not have any share of Series D preferred stock issued
and outstanding as of March 31, 2025.

The holders of Series A, Series B, Series C and Series
D have a liquidation preference to the common shareholders.

7. Warrant

As part of the Private Placement from December 2021,
the Company issued new warrants according to the following table:

Schedule
of Private Placement Warrants

    Weighted 

    Number of  
    Average 

    Shares  
    Exercise Price 
  
    Outstanding at December 31, 2023 
     22,392,004  
    $0.1963 
  
    Issued 
     -  
     - 
  
    Exercised 
     -  
     - 
  
    Expired or cancelled 
     -  
     - 
  
    Outstanding at December 30, 2024 
     22,392,004  
     0.1963 
  
    Issued 
     -  
     - 
  
    Exercised 
     -  
     - 
  
    Expired or cancelled 
     -  
     - 
  
    Outstanding at March 31, 2025 
     22,392,004  
    $0.1963 

The following table summarizes warrants outstanding
as of March 31, 2025:

Schedule
of Warrants Outstanding

    Weighted Average  

    Number  
    Remaining