Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 128

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 128
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 as a result of arm’s length negotiations. As a result, the Board concluded that the fair market value of the equity acquired was significantly in excess of 80% of the assets held in the Trust Account (excluding taxes payable on the income earned on the Trust Account). Opinion of Financial Advisor Pursuant to the engagement proposal dated February 26, 2024, EntrepreneurShares LLC (“EntrepreneurShares”) was engaged by Goldenstone to act as its financial advisor in connection with the proposed business combination involving Goldenstone and Infintium to evaluate the proposed Business Combination. As part of this engagement, Goldenstone requested that EntrepreneurShares evaluate the facts of the Business Combination and provide an opinion as to whether the total enterprise value upon which the consideration (the “Business Combination Consideration”), after adjusting for debt, cash and transaction expenses, in the form of New Infintium shares, payable under the terms of the Letter of Intent (“LOI”) dated January 12, 2024 is fair, from a financial point of view, to the Class A Shareholders of Goldenstone other than the Sponsor, any of its affiliates and any other holder of Goldenstone Founder Shares. 59 The full text of EntrepreneurShares’ written opinion dated June 21, 2024, which sets forth, among other things, the procedures followed, assumptions made, matters considered, and qualifications and limitations on the scope of review undertaken in rendering its opinion is incorporated by reference in its entirety into this registration/proxy statement. EntrepreneurShares’ opinion was addressed to, and provided for the information and benefit of, the board of directors of Goldenstone (the “Goldenstone Board”) in connection with their evaluation of the Business Combination. The opinion confirmed that, the consideration to be issued, paid or exchanged to Infintium’s shareholders in the Business Combination is fair from a financial point of view to the Class A Shareholders of Goldenstone (unaffiliated to the sponsor, any of its affiliates and any other holder of Goldenstone Class B Shares). The opinion does not constitute a recommendation to the relevant officers of Goldenstone or to any other persons in respect of the Business Combination, including as to how any Class A shareholder of Goldenstone shares should vote or act in respect of the Proposed Business Combination. EntrepreneurShares’ opinion does not address the relative merits of the Proposed Business Combination as compared to other business or financial strategies that might be available to Goldenstone, nor does it address the underlying business decision of Goldenstone to engage in the Business Combination. In connection with rendering its opinion, Entrepreneur