Company: GVSE
Filing Date: 2025-04-17
Form Type: S-1/A
Source: 0001641172-25-005196
Chunk: 95

Company: Gameverse Interactive Corp
Filing Date: 2025-04-17
Form: S-1/A
Chunk 95
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 individuals purchased a total of 512,000 shares of common stock for $2 per share. The purchasers of the common stock in 2024 received a total of 512,000 warrants with a $3.00 strike price and a five-year term.

During 2023 six individuals purchased a total of 193,500 shares of common stock for $2 per share. The purchasers of the common stock in 2023 received a total of 193,500 warrants with a $3.00 strike price and a five-year term.

During 2023 seven individuals purchased a total of 872,500 shares of common stock at the par value of $0.01 per share. The Company recorded stock-based compensation expense associated with this sale of common stock totaling $1,719,341, representing the difference between the fair value of the common stock and the price paid.

Note 7 – Stock Warrants

Using the Black-Scholes model, the Company estimated that the warrants issued during the years ended December 31, 2024 and 2023 had a weighted-average grant date fair value per warrant of $1.99 and $2.00, respectively, and a total fair value of $1,020,270 and $386,409, respectively. In estimating the fair value of warrants during the years ended December 31, 2024 and 2024, an expected term of 5 years, which is equal to the contractual life of the warrants, and an expected dividend yield of zero was utilized for all warrants. The weighted-average expected volatility was estimated at 263% and 286%, respectively, for warrants granted during the years ended December 31, 2024 and 2023. As the Company was not publicly traded during these periods, the Company estimated volatility by referencing the historical volatility of a sample of micro-cap gaming companies. The Company utilized a weighted-average risk-free interest rate of 4.04% and 4.25%, respectively, for warrants granted during the years ended December 31, 2024 and 2023.

| F-11 |

A summary of warrant activity for the years ended December 31, 2024 and 2023 is as follows:

|                                  |     | Shares |         |     | Weighted-Average 
 Exercise Price   |      |     | Weighted-Average 
 Remaining        
 Contractual Term |     |     | Aggregate       
 Intrinsic Value |   |
|:---------------------------------|:----|:-------|--------:|: