Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 149

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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 loss per share calculation.

    16

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
    months ended March 31, 

    2025  
    2024 
  
    Options and RSUs outstanding 
     3,264,257  
     3,122,971 
  
    Warrants outstanding 
     1,978,481  
     2,403,226 
  
    Shares issuable upon conversion
    of convertible debt 
     4,284,090  
     2,159,090 
  
    Total 
     9,526,828  
     7,685,287 

11.
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 7.8 million common shares as of March 31, 2025.

(a)
Options

The
following is a summary of Options outstanding as of March 31, 2025 and December 31, 2024, and changes during the three months then ended,
by Option exercise currency:

Schedule of option outstanding 

    Number
    of shares  
    Weighted-average