Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 519

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 3
Chunk 519
---
ger Sub would
merge with and into the Company (the “Merger”) with the Roxe as the surviving corporation of the Merger and becoming a wholly-owned
subsidiary of the Company.

Subsequently,
on December 31, 2022, we entered into a Joint Agreement to Terminate Merger Agreement (the “Termination Agreement”) with
Roxe, pursuant to which (i) the Parties mutually agreed to terminate the Merger Agreement. The termination was by mutual agreement of
the Company and Roxe pursuant to Section 10.1(c) of the Merger Agreement, and no termination fee or other payment is due to either party
from the other as a result of the termination.

By
virtue of the termination of the Merger Agreement, the Additional Agreements (as defined in the Merger Agreement) were terminated in
accordance with their terms.

Business
Combination Agreement 

On
January 12 2024, the Company entered into a nonbinding LOI for a potential business combination with Infintium Fuel Cell Systems, Inc.,
a Delaware corporation (“Infintium”) and Infintium made a non-refundable earnest money deposit of $200,000 (“Earnest
Money”) to proceed with the Company for the potential business combination. Such deposit is intended to cover the business combination
expenses of the Company for which Infintium is responsible. If the potential business combination fails to occur and the LOI or the LOI
or any subsequent definitive agreements are terminated by either party due to reasons not attributable to Infintium, the Company will
be required to return the Earnest Money to Infintium.

On
June 26, 2024, the Company entered into a Business Combination Agreement (the “Agreement”) with Infintium, Pacifica Acquisition
Corp., a Delaware corporation (“Merger Sub”) and wholly-owned subsidiary of the Registrant, and Yan (Chris) Feng, solely
in his capacity as representative, agent and attorney-in-fact of Infintium Securityholders (the “Securityholder Representative,”
and, together with Infintium, the Company, Merger Sub, the “Parties”), pursuant to which Merger 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.”