Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 368

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 368
---
 Warrant Shares determined to be accounted for as an equity instrument in accordance with ASC 480 and ASC 815. The Company recorded the grant date fair value on January 15, 2025 of the Warrant Shares of approximately $30.2 million. Such fair value was accounted for as a variable consideration, to be recognized as a proportional reduction of revenue against the up to $225 million in potential payments from the Warrant holder. F-45

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) NOTE 14 — STOCKHOLDERS’ EQUITY (DEFICIT) (cont.) The table below summarizes the fair value of grant date fair value of the Warrant and the assumptions included in the Black -Scholesmodel used to estimate the fair value:

|                         |     | Grant Date  
 January 15, 
 2025        |       |   |
|:------------------------|:----|:------------|------:|:--|
| Fair value              |     | $           |  0.87 |   |
| Stock price             |     | $           |  1.20 |   |
| Exercise price          |     | $           |  0.65 |   |
| Risk-free interest rate |     |             |  4.66 | % |
| Term (in years)         |     |             |    10 |   |
| Volatility              |     |             | 75.00 | % |
| Dividend yield          |     |             |     0 | % |

During the three months ended March 31, 2025, 7,444,242 of the Warrant Shares were vested. The warrant fair value associated with the vested Warrant Shares of $6.5 million was capitalized to contract assets based on the grant date fair value, among which, $440,624 were offset with the consideration payable to a customer that were previously recognized as a reduction to revenue in 2024, with the remaining value to be subsequently amortized ratably as a reduction to revenue (see Note 2) based on the Company’s estimate of revenue over the term of the warrant agreement. As of March 31, 2025, the balance of the contract assets related to the vested Warrant Shares was $6.1 million which is recorded in contract assets in the Company’s unaudited condensed balance sheets. The following table summarizes warrant activity for