Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 93

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 93
---
  
    Weighted-average
    remaining contractual term  
    Aggregate
                                                                                intrinsic
                                            value 
  
    Outstanding at December 31,
    2024 
     2,344,594  
    $2.47  
     6.91  
    $                  - 
  
    Outstanding at March 31, 2025 
     2,344,594  
    $2.47  
     6.67  
    $- 
  
    Exercisable at March 31, 2025 
     2,314,598  
    $2.47  
     6.68  
    $- 

    17

See
Note 4 for a summary of the significant valuation inputs used to value options issued in relation to the acquisition of FaZe.

Share-based
compensation expense related to the vesting of Options was $3 thousand and $18 thousand for the three months ended March 31, 2025 and
2024, respectively, and is included in general and administrative expense on the consolidated statements of operations and comprehensive
loss.

(b)
RSUs

The
following is a summary of RSUs outstanding on March 31, 2025, and December 31, 2024, and changes during the three months then ended:

Schedule of RSUs outstanding 

    Number
    of shares  
    Weighted-average
    grant date fair value 
  
    Outstanding at December 31, 2024 
     578,042  
    $2.70 
  
    Granted 
     25,000  
     0.80 
  
    Exercised 
     (62,500) 
     0.86 
  
    Forfeited 
     (37,500) 
     0.90 
  
    Outstanding at March 31, 2025 
     503,042  
    $2.97 

The
grant-date fair values of RSUs are based on the Company’s stock price as of the grant date (see Note 4).

Shared-based
compensation expense related to the vesting of RSU’s was $26 thousand and $0.4 million for the three months ended March 31, 2025
and 2024, respectively, and is included in general and administrative expense on the consolidated statements of operations and comprehensive
loss.

12.
Warrants

(a)