Company: GMER
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010826
Chunk: 11

Company: GOOD GAMING, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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. Of the 5,000,350 authorized shares of preferred stock, the total number of
shares of Series A Preferred Stock the Corporation shall have the authority to issue is 2,000,000, with a stated par value of $0.001 per
share, the total number of shares of Series B Preferred Stock the Corporation shall have the authority to issue is 249,999, with a stated
par value of $0.001 per share, the total number of shares of Series C Preferred Stock the Corporation shall have the authority to issue
is 1, with a stated par value of $0.001 per share, and the total number of shares of Series D Preferred Stock the Corporation shall have
the authority to issue is 350, with a stated par value of $0.001 per share, and the total number of shares of Series E Preferred Stock
the Corporation shall have the authority to issue is 2,750,000, with a stated par value of $0.001 per share. Our Board of Directors is
authorized, without further action by the shareholders, to issue shares of preferred stock and to fix the designations, number, rights,
preferences, privileges and restrictions thereof, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation
preferences and sinking fund terms. We believe that the Board of Directors’ power to set the terms of, and our ability to issue
preferred stock, will provide flexibility in connection with possible financing or acquisition transactions in the future. The issuance
of preferred stock, however, could adversely affect the voting power of holders of common stock and decrease the amount of any liquidation
distribution to such holders. The presence of outstanding preferred stock could also have the effect of delaying, deterring or preventing
a change in control of our company.

As of March 31, 2025, we had 7,500 shares of our Series
A preferred stock, 19,296 shares of Series B preferred stock, 1 share of Series C Preferred Stock, and 0 shares of Series D Preferred
Stock, and 57,663 shares of Series E preferred stock issued and outstanding.

The 7,500 issued and outstanding shares of Series
A Preferred Stock are convertible into shares of common stock at a rate of 20 common shares for each Series A Preferred Share. The 19,296
issued and outstanding shares of Series B Preferred Stock are convertible into shares of common stock at a rate of 200 common shares for
each Series