Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 9

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 9
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 with and into Infintium (the “Merger”), with Infintium
surviving the Merger as a wholly-owned subsidiary of Goldenstone. In connection with the Merger, Goldenstone will change its name to
“Infintium Fuel Cell Systems Holdings, Inc.” The board of directors of Goldenstone has unanimously (i) approved and declared
advisable the Agreement, the Merger and the other transactions contemplated by the Agreement and (ii) resolved to recommend approval
of the Agreement and related matters by the stockholders of the Registrant once the Registration Statement has been declared effective.
The Company filed Amendment No. 1 to its Form S-4 Registrant Statement on May 14, 2025, however, there is no assurance that the Registration
Statement will be declared effective or that the Business Combination will be completed. Capitalized terms used herein but not otherwise
defined have the meanings set forth in the Agreement.

Treatment
of Company Securities

Common
Stock. At the effective time of the Merger (the “Effective Time”), each share of the Class A common stock, par value
$0.0001 per share, of the Company (“Class A Common Stock”), and Class B common stock, par value $0.0001 per share, of the
Company (“Class B Common Stock,” and, together with the Class A Common Stock, the “Company Common Stock”), other
than any shares the holders of which exercise dissenters’ rights of appraisal, will be converted into the right to receive shares
of the common stock of Parent, par value $0.0001 per share (the “Parent Common Stock”). The total number of shares of Parent
Common Stock to be issued will be based on the valuation of the Company and will be calculated by dividing such valuation by $10.00.
The valuation of the Company at the closing of the Merger (“Closing”) will be $130,000,000, or such other amount as may be
determined by a valuation firm in accordance with the terms of the Agreement. Parent has engaged a valuation firm to provide such a valuation.

Options.
Each option of the Company (the “Company Option”) that is outstanding immediately prior to the Effective Time will be converted
into an option to purchase a number of shares of Parent Common Stock at an exercise price equal to the exercise price of such Company
Option. The number of shares that may be purchased will be proportionately adjusted by the Exchange Ratio.

Earnout.
Following the Closing, Company