Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 47

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 47
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 Sub will merge with and into Infintium (the “Merger”), with Infintium
surviving the Merger as a wholly-owned subsidiary of the Company. In connection with the Merger, the Company will change its name to “Infintium
Fuel Cell Systems Holdings, Inc.” The board of directors of the Company 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.

Extension of the Deadline to Complete an Initial
Business Combination

Pursuant to the terms of our Amended and Restated Certificate of Incorporation
and the Investment Management Trust Agreement between the Company and Continental Stock Transfer & Trust Company, LLC (“Continental”),
the Company may elect to extend the time available to consummate our initial business combination, provided that our sponsor or its affiliates
or designees must, upon ten days advance notice prior to the applicable deadline, deposit $575,000 into the Trust Account ($0.10 per share)
on or prior to the date of the applicable deadline, for each three month extension (or up to an aggregate of $1,725,000, or $0.30 per
share if we extend for the full nine months) ten days advance notice prior to the applicable deadline.

On March 14, 2023, the Company announced that it had extended the period
of time by which it may complete an initial business combination by an additional three months (the “Extension”). In accordance
with its amended and restated certificate of incorporation, a deposit of $575,000 was made into the Trust Account established at the time
of the Company’s initial public offering for the benefit of the public stockholders. Pursuant to the Extension, the new deadline
for completion of an initial business combination was extended to June 21, 2023.  

On June 20, 2023, the Company announced that it had extended the period
of time by which it may complete an initial business combination by an additional three months (the “Second Extension”). In
accordance with its amended and restated certificate of incorporation, on June 14, 2023, a deposit of $575,000 was made into to the Trust
Account established at the time of the Company’s initial public offering for the benefit of the public stockholders. Pursuant to