Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 142

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 142
---
 the timing for filing of the Registration Statement. On June 17, 2024, Goldenstone held an annual meeting of stockholders at which Goldenstone’s stockholders approved the proposal to extend the date by which Goldenstone has to consummate a business combination by 12 months from June 21, 2024 to June 21, 2025. On June 21, 2024, the Board of Directors of Goldenstone met to discuss the final draft of the Business Combination Agreement. EntrepreneurShares met with the Board and gave its presentation regarding the fairness of the transaction and issued its fairness opinion. After discussions of the terms, the Board unanimously approved entering into the Business Combination Agreement. In connection with the negotiation and approval of the Business Combination, the Board did not retain an unaffiliated representative to act solely on behalf of the unaffiliated stockholders. The Board did retain a third -partyfirm for purposes of providing an opinion as to the fairness, from a financial point of view of the consideration to be given to the Infintium stockholders. The deal was publicly announced on June 26, 2024, coinciding with the signing of the Business Combination Agreement. Subsequent to the signing and announcement of the transactions, the parties and their respective outside advisors began the work necessary for Infintium’s audit and the preparation of the Form S -4. In the late Fall of 2024, Infintium was asked by the large e -commercecompany that had purchased units from Infintium to enter into an arrangement by which this company would receive a warrant to purchase shares of Infintium subject to this company increasing its purchases from Infintium. As the issuance of a warrant was restricted by the terms of the Business Combination Agreement without Goldenstone’s consent, Infintium asked Goldenstone to consider an amendment to the Business Combination Agreement to permit the issuance of the warrant and to provide for the conversion of the warrant upon close of the Business Combination. The parties negotiated the terms of the amendment which was executed on January28, 2025. 63 On June18, 2025, stockholders of Goldenstone approved a subsequent amendment to extend the date by which Goldenstone must complete its initial business combination to June21, 2026. Projections Provided in Connection with Business Combination In connection with its evaluation of a potential business combination, Goldenstone was provided with projections that were prepared by the financial advisor to Infintium in conjunction with Infintium based on a number of material assumptions and estimates that reflect