Company: GDSTR
Filing Date: 2025-04-24
Form Type: S-4/A
Source: 0001213900-25-034782
Chunk: 244

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-04-24
Form: S-4/A
Chunk 244
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 consummation of the Business Combination, Goldenstone will be renamed “Infintium Fuel Cell Systems Holdings, Inc.” Accounting for the Business Combination 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. Basis of Pro Forma Presentation The unaudited pro forma combined financial information included in this proxy statement/prospectus has been prepared using the assumptions below with respect to the potential redemption into cash of Goldenstone Common Stock: • Assuming No Redemptions (Scenario 1):This presentation assumes that no Public Shareholders exercise their right to redeem their Public Shares (excluding the Redeemed Public Shares) for their pro rata share of the Trust Account, and thus, the full amount held in the Trust Account as of the Closing is available for the Business Combination; and • Assuming Maximum Redemptions (Scenario 2):This presentation assumes that a maximum of 1,510,700 Public Shares issued and outstanding as of the Closing to satisfy the $5.0 million cash balance of closing condition, reduces by potential minimum aggregate principal amount of $3.0 million bridge financing, resulting in an aggregate cash payment of approximately $17.6million from the Trust Account based on an assumed redemption price of $11.78 per share as of December31, 2024. This scenario requires a $3.0million bridge financing for the Business Combination to occur. As of the date of this proxy statement/prospectus, the redemption price increased from $11.78 per share to $11.91 per share which reflects four of $50,000 non -interestbearing loans