Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 108

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 108
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/or Infintium may agree to waive, in whole or in part, one or more of the conditions to their respective obligations to complete the Business Combination, to the extent permitted by applicable laws. The Board will evaluate the materiality of any waiver to determine whether amendment of this proxy statement/prospectus and resolicitation of proxies is warranted. In some instances, if the Board determines that a waiver is not sufficiently material to warrant resolicitation of stockholders, Goldenstone has the discretion to complete the Business Combination without seeking further stockholder approval. For example, it is a condition to Goldenstone’s obligations to close the Business Combination that there be no applicable law and no injunction or other order restraining or imposing any condition on the consummation of the Business Combination, however, if the Board determines that any such order or injunction is not material to the business of Infintium, then the Board may elect to waive that condition without stockholder approval and close the Business Combination. 44 Goldenstone’s stockholders will experience immediate dilution as a consequence of the issuance of Common Stock as consideration in the Business Combination. Having a minority share position may reduce the influence that Goldenstone’s current stockholders have on the management of Goldenstone. We anticipate that upon completion of the Business Combination, assuming no redemptions of the 1,595,871 Public Shares that remain outstanding, Goldenstone’s Public Stockholders will retain an ownership interest of approximately 12.5% in New Infintium, the Infintium Securityholders will own approximately 74.7% of New Infintium, the Initial Stockholders will own approximately 10.5% of New Infintium and the Representative will own approximately 2.3% of New Infintium. If 1,331,817 of the Public Shares that outstanding are redeemed under the maximum redemptions scenario, Goldenstone’s Public stockholders will retain an ownership interest of approximately 5.2% in New Infintium, the Infintium Securityholders will own approximately 81.0% of New Infintium, the Initial Stockholders will own approximately 11.3% of New Infintium and the Representative will own approximately 2.5% of New Infintium. The ownership percentages with respect to New Infintium do not take into account the issuance of any additional shares of Common Stock underlying the Warrants but do take into account the issuance of 610,125shares of New Infintium Common Stock pursuant to the Rights. If the actual