Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 37

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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     (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, 2025 
    $-  
    $-  
    $-  
    $- 
  
    Contractual
    principal balances outstanding 
    $-  
    $-  
    $-  
    $- 

    (1)
    None
    of the changes in fair value during the period were due to instrument-specific changes in credit risk.

    18

11.
Shareholders’ Equity

(a)
Description of the Company’s securities

The
Company is authorized to issue 100,000,000 common shares, par value $0.0001 per share, and 50,000,000 preferred shares, par value $0.0001
per share. Holders of common shares are entitled to one vote in respect of each common share held at shareholder meetings of the Company.

On
July 23, 2025, the board of directors of the Company approved a Certificate of Designation of Series A-1 Convertible Preferred Stock
of the Company (the “Certificate of Designation”) establishing the rights, preferences, powers, restrictions and limitations
of the Company’s newly authorized 3,433.33 shares of the Series A-1 preferred stock. The Certificate of Designation was filed with
the