Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 68

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 68
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 1,500,000 |
| Infintium Warrants                                                                            |     |   4,829,593 |     |   4,829,593 |     |   4,829,593 |     |   4,829,593 |     |  4,829,593 |
| Shares initially reserved for issuance under the Equity Plan                                  |     |   3,000,000 |     |   3,000,000 |     |   3,000,000 |     |   3,000,000 |     |  3,000,000 |
| Total potentially dilutive outstanding securities                                             |     |  26,374,797 |     |  26,374,797 |     |  26,374,797 |     |  26,374,797 |     | 26,374,797 |

Accounting Treatment The Business Combination will be accounted for as a “reverse recapitalization” in accordance with U.S. GAAP. Under this method of accounting, Goldenstone will be treated as the “acquired” company for financial reporting purposes. This determination is primarily based on the fact that subsequent to the Business Combination, Infintium’s Shareholders are expected to have a majority of the voting power of the Combined Company, Infintium will comprise all of the ongoing operations of the Combined Company, Infintium will comprise a majority of the governing body of the Combined Company, and Infintium’s senior management will comprise all of the senior management of the Combined Company. Accordingly, for accounting purposes, the Business Combination will be treated as the equivalent of Infintium issuing shares for the net assets of Goldenstone, accompanied by a recapitalization. The net assets of Goldenstone will be stated at historical costs. No goodwill or other intangible assets will be recorded. Operations prior to the Business Combination will be those of Infintium. Infintium’s Board of Directors’ Consideration of Strategic Alternatives to the Business Combination In connection with evaluating strategic financing alternatives, Infintium’s board of directors considered pursuing private financing rounds to raise additional capital while remaining a private company. However, after careful consideration, Infintium’s board of directors determined that private financing rounds were either unlikely to meet Infintium’s capital requirements within the desired timeframe, would not fulfill the company’s objective of becoming a publicly traded entity, or did not present comparable strategic value. The board concluded that the proposed Business Combination with Goldenstone offered the