Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 135

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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2025, (b) an interest rate of 7% per annum (interest to be
paid in full at maturity) and (c) a conversion price of $4.40 per share.

The
Three Curve CD matured during the quarter, and the balance due was reclassed into Accrued expenses and other current liabilities on the
condensed consolidated balance sheet. The total amount due was paid subsequent to quarter end by the Company.

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 
     58,253  
     -  
     184,932  
     243,185 
  
    Interest payments 
     -  
     -  
     (217,808) 
     (217,808)
  
    Transfer to promissory note payable 
     -  
     (411,518) 
     -  
     (411,518)
  
    Maturity of convertible debt 
     (1,722,226) 
     -  
     -  
     (1,722,226)
  
    Conversion of debt 
     -  
     (3,992,238) 
     (10,000,000) 
     (13,992,238)
  
    Change in fair value(1) 
     34,525  
     (448,500) 
     124,092  
     (289,883)
  
    Balance, September 30, 2025 
    $-  
    $-  
    $-  
    $- 

    Contractual principal balances outstanding: 

    As of December 31, 2024 
    $1,250,000  
    $4,124,299  
    $10,000,000  
    $15,374,299 
  
    As of September 30, 202