Company: GDSTR
Filing Date: 2025-04-24
Form Type: S-4/A
Source: 0001213900-25-034782
Chunk: 138

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-04-24
Form: S-4/A
Chunk 138
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 business combination. The amount of capital added both transactional risk as well as long term operational risk for Goldenstone. Due to information obtained during due diligence, Goldenstone decided not to pursue the Company A opportunity. On February 21, 2023, Goldenstone signed an LOI with a target company in the auto industry (“Company B”) The Parties were introduced through an investment banker who had a relationship with the President of Company B Company B paid a deposit of $125,000 out of the $200,000 it agreed to pay towards deal -relatedexpenses. Company B never paid the remaining balance and did not follow through with the proposal. Due to the lack of structure in Company B, Goldenstone decided not to pursue the Company B opportunity. On October 10, 2023, Goldenstone signed an NDA with a target company in the robotic industry (“Company D”) The Parties were introduced by an investment banker who had a relationship with the CEO of Company D After Mr. Ni visited the company and studied the functionality of the robots, he realized the robots did not function as smooth as expected. There was also a delay in their audit. Due to information obtained during due diligence, Goldenstone decided not to pursue the Company D opportunity. Prior to executing the NDA with Company D, on September 21, 2023, Goldenstone held a special meeting of shareholders. Goldenstone’s shareholders approved the proposal to extend the date by which Goldenstone has to consummate a business combination by nine months from September 21, 2023 to June 17, 2024. 62 On October 23, 2023, Goldenstone (Eddie Ni) met with Wei Qian (Wayne Qian) from Fusion Park LLC, who acts as a financial consultant to Infintium. During their meeting, Goldenstone (Eddie Ni) and Fusion Park LLC signed a Non -DisclosureAgreement (NDA), after which Wei introduced Mr. Ni to Infintium, generating significant enthusiasm. Following this initial discussion, a follow -upmeeting was arranged for October 31, 2023, at Infintium’s prior office location at 3271 Brushy Creek Rd, Greer, SC 29650. This meeting included Chris Feng, CEO of Infintium, James Tu, President of Fusion Park LLC, Wei Qian, Yi Li, a significant stockholder of Infintium. and Eddie Ni from Goldenstone. Before finalizing their decision, Goldenstone had engaged with and assessed approximately