Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 111

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 111
---
  
     1.46  
    $- 

    Number of 
shares  
    Weighted-
average 
exercise price (USD)  
    Weighted-
average 
remaining 
contractual 
term  
    Aggregate intrinsic value 
  
    Outstanding at December 31, 2024 
     2,344,594  
    $2.47  
     6.91  
    $     - 
  
    Outstanding at June 30, 2025 
     2,344,594  
    $2.47  
     6.42  
    $- 
  
    Exercisable at June 30, 2025 
     2,315,850  
    $2.47  
     6.42  
    $- 

    17

See
Note 4 for a summary of the significant valuation inputs used to value Options issued in relation to the acquisition of FaZe.

Share-based
compensation expense related to the vesting of Options was $4 thousand and $34 thousand for the six months ended June 30, 2025 and 2024,
respectively, and is included in general and administrative expense on the consolidated statements of operations and comprehensive loss.

(b)
RSUs

The
following is a summary of RSUs outstanding on June 30, 2025, and December 31, 2024, and changes during the six months then ended:

Schedule of RSUs outstanding

    Number of shares  
    Weighted-average 
grant date fair 
value 
  
    Outstanding at December 31, 2024 
     578,042  
    $2.70 
  
    Granted 
     25,000  
     0.80 
  
    Exercised 
     (62,500) 
     0.86 
  
    Forfeited 
     (37,500) 
     0.90 
  
    Outstanding at June 30, 2025 
     503,042  
    $2.97 

The
grant-date fair values of RSUs are based on the Company’s stock price as of the grant date (see Note 4).

Shared-based
compensation expense related to the vesting of RSU’s was $30 thousand and $1.0 million for the six months ended June 30, 2025 and
2024, respectively, and is