Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 244

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 244
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 the IPO, or $2,012,500, which is currently held in the Trust Account and would be payable upon the completion of the initial Business Combination subject to the terms of the underwriting agreement. 127 MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF INFINTIUM Unless the context otherwise requires, all references in this section to the “Company,” “we,” “us,” or “our” refer to the business of Infintium Fuel Cell Systems, Inc. prior to the consummation of the Merger. This discussion and analysis should be read in conjunction with our financial statements and the notes thereto included elsewhere in this proxy statement/information statement/prospectus. Overview We are a developer, manufacturer and provider of advanced hydrogen fuel cell (“HFC”) technologies and hydrogen fuel cell power units (“HFCPU”) built upon proton exchange membranes (“PEM”) for transportation applications. We engage in the design, engineering, commercialization, manufacturing, marketing, sales and after -saleservices of its HFCPUs, which are sold and deployed in large factories and warehouses primarily for material handling applications for its automotive, industrial and retail distribution customers. Our mission is to develop reliable, innovative, and efficient HFCs to accelerate the development of the hydrogen economy for clean energy transition. Founded in 2007 in the United States and incorporated under the laws of Delaware in 2017, our corporate headquarters are located in South Carolina and we have built our business around driving the transition of global transportation systems towards a more sustainable and efficient ecosystem. Through over 15 years of R&D and engineering, we have established ourselves as a leading innovator in the rapidly emerging HFC industry in the transportation industry, with an initial focus on material handling equipment, notably forklift trucks, with ongoing product development for other heavy duty commercial vehicles and stationary power applications. Our HFCPUs for material handling now cover three major classes of industrial vehicles — Class 1, 2 and 3. Our HFCPUs for industrial vehicles are designed to provide reliable and efficient performance in a wide range of operating conditions. We have developed proprietary and patent -pendingcontrol algorithms and monitoring systems that enable our HFC systems to adapt to harsh working environments, minimize the risk of performance issues and maximize uptime for our customers. In addition, compared with battery -poweredsolutions, which generally require approximately one hour for lithium -ionbatteries and four hours for lead -acidbatteries for recharging