Company: GVSE
Filing Date: 2025-07-16
Form Type: S-1/A
Source: 0001641172-25-019925
Chunk: 106

Company: Gameverse Interactive Corp
Filing Date: 2025-07-16
Form: S-1/A
Chunk 106
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 2024 received a total of 512,000 warrants with a $3.00 strike price and a five-year term.

Shares Issued in Exchange for Equity Investment

On January 28, 2025, the Company issued 132,000 shares of common stock to SRM Entertainment in exchange for 500,000 restricted shares of SRM Entertainment common stock. SRM Entertainment received a total of 12,500 warrants with a $3.00 strike price and a five-year term. The Company valued each share of SRM Entertainment common stock received at the publicly traded closing price on January 28, 2025 of $0.381 per share, or $190,500 in the aggregate.

| F-20 |

Note 7 – Stock Warrants

A summary of warrant activity for the year ended December 31, 2024 and for the three months ended March 31, 2025 is as follows:

|                                  |     | Shares |         |     | Weighted-Average 
 Exercise Price   |      |     | Weighted-Average 
 Remaining        
 Contractual Term |     |     | Aggregate       
 Intrinsic Value |   |
|:---------------------------------|:----|:-------|--------:|:----|:-----------------|-----:|:----|:-----------------|----:|:----|:----------------|:--|
| Outstanding at December 31, 2023 |     |        | 193,500 |     | $                | 3.00 |     |                  | 4.6 |     | $               | - |
| Granted                          |     |        | 512,000 |     |                  | 3.00 |     |                  |   5 |     |                 | - |
| Exercised                        |     |        |       - |     |                  |    - |     |                  |   - |     |                 | - |
| Forfeited or expired             |     |        |       - |     |                  |    - |     |                  |   - |     |                 | - |
| Outstanding at December 31, 2024 |     |        | 705,500 |     | $                | 3.00 |     |                  |   - |     | $               | - |
| Exercisable at December 31, 2024 |     |        | 705,500 |     | $                | 3.00 |     |                  | 4