Company: GVSE
Filing Date: 2025-04-17
Form Type: S-1/A
Source: 0001641172-25-005196
Chunk: 29

Company: Gameverse Interactive Corp
Filing Date: 2025-04-17
Form: S-1/A
Chunk 29
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. It is not possible for us to predict all of those risks, nor can we assess the impact of all of those risks on our business or the extent to which any factor may cause actual results to differ materially from those contained in any forward-looking statement. The forward-looking statements in this prospectus are based on assumptions management believes are reasonable. However, due to the uncertainties associated with forward-looking statements, you should not place undue reliance on any forward-looking statements. Further, forward-looking statements speak only as of the date they are made, and unless required by law, we expressly disclaim any obligation or undertaking to publicly update any of them in light of new information, future events, or otherwise.

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<div align='center'>USE OF PROCEEDS</div>

We estimate that we will receive net proceeds of approximately $8.6 million from the issuance and sale of shares of common stock in this offering, or approximately $9.9 million if the underwriters exercise in full their option to purchase additional securities in full, assuming a public offering price per share of $4.00, set forth on the cover page of this prospectus, after deducting estimated underwriting discounts and commissions and offering expenses payable by us.

Each $1.00 increase or decrease in the assumed initial public offering price per share of $4.00, set forth on the cover page of this prospectus, would increase or decrease, as applicable, the net proceeds to us from this offering by approximately $2.3 million, assuming the number of shares offered by us, as set forth on the cover page of this prospectus, remains the same, and after deducting estimated underwriting discounts and commissions and offering expenses payable by us. Similarly, each increase or decrease of 1.0 million shares in the number shares of common stock offered by us would increase or decrease, as applicable, the net proceeds that we receive from this offering by $3.7 million, assuming no change in the assumed initial public offering price per share and after deducting estimated underwriting discounts and commissions and offering expenses payable by us.

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We plan to use the net proceeds from this offering to accelerate the development
of our TruWorlds platform, to initiate sales and marketing activities, to develop our customer support operations, to fund capital purchases
and for general working capital purposes, including increased costs to operate as a public company.

As of the date of this prospectus, we cannot specify with certainty the specific allocations or all of the particular uses of the