Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 49

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 49
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 -timeand optimize their operations. Infintium believes that its transparency and data -drivenapproach also sets it apart from competitors. Infintium also believes that its focus on developing and providing HFC products and services for material handling and heavy -dutytransportation applications gives it strategic advantages against competitors that provide more vertically integrated and expansive product and service portfolios. Infintium believes that competitors who do so may dilute management attention and require far more resources to support other product and service portfolios Infintium believes its strategic focus enables it to better address the unique needs of each customer and provide more timely and tailored services. Business Strategy and Growth Initiatives Infintium’s immediate growth strategy is focused on leveraging its proven HFC technology, customer relationships, and manufacturing capabilities to expand its market share in the HFC forklift segment that is emerging rapidly in the U.S. Infintium aims to expand its market share and sales first through increasing penetration and sales to its existing customers, including partners in forklift manufacturing, distribution, wholesale and HCF services, as well as direct, large end users. Infintium is also targeting new customers in the automotive, industrial, logistics, and retail distribution companies. Infintium also plans to expand geographically into non -U.S. markets, notably Canada, Central and South America, followed by Middle East and Europe. Infintium believes that its combined strategy to first focus on increasing its market share in the U.S. material handling or industrial vehicle market as a qualified, reliable and attractive HFC supplier and to leverage its HFC knowhow and technology to enter segments outside of material handling (such as light and heavy -dutycommercial trucks, distributed energy and energy storage markets) will bring significant market opportunities for the company’s long -termgrowth. Background of the Business Combination On March17, 2022, Goldenstone consummated its IPO. Upon the consummation of the IPO, Goldenstone’s management team commenced an active search for prospective businesses to acquire in its initial business combination. During this search process, Goldenstone evaluated approximately 30 business combination opportunities across a broad range of sectors including medical, pharmaceutical, auto, EV, green energy/battery, robotics, etc. These targets represented opportunities in North America and Asia. After careful consideration, Goldenstone concluded that Infintium was the best fit for their strategic goals. On January12, 2024, a Letter of Intent (LOI) was signed with Infintium, The parties conducted due diligence and negotiated