Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 147

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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to be its carrying value (principal + accrued interest) of $10.2 million.

The
change in fair values of the Company’s convertible debentures subject to recurring remeasurement at fair value were as follows:

Schedule of convertible debentures subject to recurring remeasurement at fair value 

    Three
    Curve CD  
    Yorkville
    CD 
     
    Gigamoon
    CD  
    Total 
  
    Balance, December 31, 2024 
    $1,629,448  
    $4,852,256 
     
    $9,908,784  
    $16,390,488 
  
    Interest expense 
     21,575  
     - 
     
     184,932  
     206,507 
  
    Transfer to promissory
    note payable 
     -  
     (411,518)
     
     -  
     (411,518)
  
    Conversion of debt 
     -  
     (3,992,238)
     
     -  
     (3,992,238)
  
    Change
    in fair value(1) 
     (9,069) 
     (448,500)
     
     124,092  
     (333,477)
  
    Balance, March 31,
    2025 
    $1,641,954  
    $- 
     
    $10,217,808  
    $11,859,762 

    Contractual principal balances outstanding: 

    As of December 31, 2024 
    $1,250,000  
    $4,124,299 
     
    $10,000,000  
    $15,374,299 
  
    As of March 31, 2025 
    $1,250,000  
    $- 
     
    $10,000,000  
    $11,250,000 
  
    Contractual principal balances outstanding 
    $1,250,000  
    $- 
     
    $10,000,000  
    $11,250,000 

    (1)
    None
    of the changes in fair value during the period were due to instrument-specific changes in credit risk.

9.
Shareholders’ Equity

(a)
Description of