Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 172

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 172
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 issuable as consideration for the Business Combination and for any proper corporate purpose, including future acquisitions, capital raising transactions consisting of equity or convertible debt, stock dividends, or issuances under any future stock incentive plans. The shares of preferred stock to be authorized would be issuable for any proper corporate purpose, including future acquisitions and capital -raisingtransactions. Proposal 3B: Removal of Supermajority Voting Provision— Amending the Current Charter to remove the requirement of an affirmative vote of holders of more than 60% of the voting power of all then outstanding shares of capital stock entitled to vote generally in the election of directors, voting together as a single class, to remove any or all of the directors at any time for cause. 84 The Board believes that removing this provision that requires a supermajority vote to remove any members of the Board of Directors is in the best interests of stockholders and consistent with preferred corporate governance practices. Under Delaware law, the default rule will apply which gives stockholders the right to vote to remove any or all directors with or without cause. Proposal No. 3C: Name Change and Removal of SPAC Provisions— Amending the Current Charter to change Goldenstone’s name to “Infintium Fuel Cell Systems Holdings, Inc.” and to remove the various provisions applicable only to special purpose acquisition companies that will no longer be applicable after the consummation of the Business Combination, including the elimination of Article Sixth (which generally set forth the requirements of an initial business combination). The Board believes that changing the post -BusinessCombination corporate name from “Goldenstone Acquisition Limited” to “Infintium Fuel Cell Systems Holdings, Inc.” is desirable to reflect the Business Combination and to align its name with the post -BusinessCombination company’s operating business. Furthermore, the Board has determined that it is in the best interest of Goldenstone to eliminate provisions specific to its status as a special purpose acquisition company. This deletion is desirable because these provisions will serve no purpose following consummation of the Business Combination. For example, these proposed amendments remove the requirement to dissolve the post -BusinessCombination company if Goldenstone does not complete an initial business combination within a certain period of time and will allow the post -BusinessCombination company to continue as a corporate entity with perpetual existence following consummation of the Business Combination. Perpetual existence is the customary period of existence for corporations and the Board believes that it is the most appropriate period for the post -BusinessCombination company. Vote Required for Approval The Advisory Proposals will