Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 151

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 151
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 into account any changes in the operations and prospects of Infintium, general market and economic conditions and other factors that may be beyond the control of Goldenstone and Infintium, and on which the fairness opinion was based, may alter the value of Goldenstone or Infintium or the price of the Goldenstone Common Stock by the time the Business Combination is completed. In particular, in rendering the fairness opinion, Entrepreneur Shares relied upon financial data and projections of future results provided to it. There have been material changes in Infintium’s financial results as compared to the projections provided at the time of the fairness opinion. For fiscal years 2023 and 2024, Infintium has not achieved any of its projected metrics. In selecting EntrepreneurShares to provide a fairness opinion, Goldenstone considered, among other factors, EntrepreneurShares’ qualifications, experience, fees, required time to prepare its report, and reputation., including their unique academic qualifications as tenured professors at the top ranked entrepreneurship program, leading asset manager in the global entrepreneurial venture community, frequent guest appearances as valuation experts in leading media stations such as CNBC, Fox Business & Bloomberg and the fact that EntrepreneurShares is regularly engaged in the valuation of businesses and their securities and the provision of fairness opinions in connection with business combination transactions. EntrepreneurShares received a fixed fee of $75,000 and was not contingent upon the outcome of the Fairness opinion or closing of the transaction. No material relationships existed between EntrepreneurShares and Goldenstone for the previous two years. 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 stockholders in the Business Combination is fair from a financial point of view to the Goldenstone stockholders. 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 stockholder of Goldenstone 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