Company: GVSE
Filing Date: 2025-04-17
Form Type: S-1/A
Source: 0001641172-25-005196
Chunk: 51

Company: Gameverse Interactive Corp
Filing Date: 2025-04-17
Form: S-1/A
Chunk 51
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 protection from liability for content published on our platform by third parties may be unclear and where we may be less protected under local laws than we are in the U.S. Based on our current knowledge, we believe that the amount or range of reasonably possible losses will not, either individually or in the aggregate, have a material adverse effect on our business, results of operations, cash flows or financial condition. Defending such proceedings is costly and can impose a significant burden on management and employees. The results of any litigation cannot be predicted with certainty, and an unfavorable resolution in any legal proceedings could materially affect our future business, results of operations, or financial condition. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs (including unfavorable preliminary or interim rulings), diversion of management resources, and other factors.

Controlled Company Status

After completion of this offering, Jared
Thau and Jordan Thau will continue to control a majority of the voting power in us. As a result, we will be a “controlled company.”
Under the NYSE American rules, a company of which more than 50% of the voting power for the election of directors is held by an
individual, group or another company is a “controlled company” and may elect not to comply with certain corporate governance
requirements, including the requirements that, within one year of the date of the listing of our common stock:

| ● | we                                                                                                                      
 have a board of directors that is composed of a majority of “independent directors,” as defined under the rules of such 
 exchange;                                                                                                               |
| ● | we                                                                                                                      
 have a compensation committee that is composed entirely of independent directors; and                                   |
| ● | we                                                                                                                      
 have a nominating and corporate governance committee that is composed entirely of independent directors.                |

As a controlled company, we will remain
subject to the rules of the Sarbanes-Oxley Act and the NYSE American that require us to have an audit committee composed entirely
of independent directors. Under these rules, we must have at least one independent director on our audit committee by the date our common
stock is listed on the NYSE American, at least two independent directors on our audit committee within 90 days of the listing
date, and at least three directors, all of whom must be independent, on our audit committee within one year of the listing date.

Following this offering, we expect to
have three independent directors, all of which qualify as independent for Audit Committee purposes. Accordingly, we