Company: GVSE
Filing Date: 2025-07-16
Form Type: S-1/A
Source: 0001641172-25-019925
Chunk: 27

Company: Gameverse Interactive Corp
Filing Date: 2025-07-16
Form: S-1/A
Chunk 27
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30.

We are a “smaller reporting company” and, even if we no longer qualify as an emerging growth company, we may still be subject to reduced reporting requirements.

We are a “smaller reporting
company” as defined in the Securities Exchange Act of 1934, as amended. Smaller reporting companies may choose to present only the
two most recent fiscal years of audited financial statements in their annual reports on Form 10-K and have reduced disclosure obligations
regarding executive compensation and, if a smaller reporting company has less than $100 million in annual revenue, it would not be
required to obtain an attestation report on internal control over financial reporting issued by its independent registered public accounting
firm. We will remain a smaller reporting company until the last day of any fiscal year for so long as either: (i) the market value of
our shares of common stock held by non-affiliates does not equal or exceed $250 million measured on the last business day of
our second fiscal quarter; or (ii) our annual revenues is less than $100 million during the most recently completed fiscal year and
the market value of our common stock held by non-affiliates is less than $700 million measured on the last business day of our
second fiscal quarter. To the extent we take advantage of such reduced disclosure obligations, it may make the comparison of our financial
statements with other public companies difficult or impossible.

Upon listing of our shares of common stock on Nasdaq, we will be a “controlled company” within the meaning of the rules of 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 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