Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 107

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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7% per annum (interest to be
paid in full at maturity) and (c) a conversion price of $4.40 per share.

The
fair value of the Three Curve CD was estimated using the binomial lattice model with the below assumptions:

Schedule of detailed information about fair value of convertible debentures

    June 30, 2025  
    December 31, 2024 
  
    Share price 
    $0.87  
    $0.83 
  
    Conversion price 
    $4.40  
    $4.40 
  
    Term, in years 
     0.17  
     0.67 
  
    Interest rate 
     7% 
     7%
  
    Expected volatility 
     85.00% 
     95.00%
  
    Risk-free interest rate 
     4.35% 
     4.21%
  
    Expected dividend yield 
     0% 
     0%
  
    Debt instrument measurement input 
     0% 
     0%

    15

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 
     43,390  
     -  
     184,932  
     228,322 
  
    Interest payments 
     -  
     -  
     (217,808) 
     (217,808)
  
    Transfer to promissory note payable 
     -  
     (411,518) 
     -  
     (411,518)
  
    Conversion of debt 
     -  
     (3,992,238) 
     (10,000,000) 
     (13,992,238)
  
    Change in fair value(1) 
     (3,508) 
     (448,500) 
     124,092  
     (327,