Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 148

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 148
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7% of the outstanding shares of New Infintium Common Stock, the current Goldenstone stockholders will hold 25.3% of the outstanding shares of New Infintium Common Stock. These percentages assume that no shares of Common Stock are redeemed in connection with the Business Combination and do not take into account any Warrants to purchase Common Stock that will be outstanding following the Business Combination. If the Nasdaq Proposal is not approved and we consummate the Business Combination on its current terms, Goldenstone would be in violation of Nasdaq Listing Rules 5635(a) and (b), which could result in the delisting of our securities from Nasdaq. If Nasdaq delists our securities, we could face significant material adverse consequences, including: •a limited availability of market quotations for our securities; •reduced liquidity with respect to our securities; •determination that our shares are a “penny stock,” which will require brokers trading in our securities to adhere to more stringent rules, possibly resulting in a reduced level of trading activity in the secondary trading market for our securities; •a limited amount of news and analyst coverage for the post -transactioncompany; and •a decreased ability to issue additional securities or obtain additional financing in the future. Vote Required for Approval Assuming that a quorum is present at the Goldenstone Special Meeting, the affirmative vote of holders of at least a majority of the issued and outstanding shares of Common Stock present by virtual attendance or represented by proxy and entitled to vote at the Goldenstone Special Meeting is required to approve the Nasdaq Proposal. 72 This Proposal is conditioned on the approval of the other Condition Precedent Proposals. If any of the Condition Precedent Proposals is not approved, unless the condition is waived, Proposal 5 will have no effect even if approved by our stockholders. Because stockholder approval of this Proposal 5 is a condition to completion of the Business Combination under the Business Combination Agreement, if this Proposal 5 is not approved by our stockholders, the Business Combination will not occur unless we and Infintium waive the applicable closing condition. Board Recommendation THE BOARD RECOMMENDS THAT OUR STOCKHOLDERS VOTE “FOR” THE NASDAQ PROPOSAL UNDER PROPOSAL 4. 73 PROPOSAL 5 — THE EQUITY INCENTIVE PLAN PROPOSAL The Equity Incentive Plan has been approved by Goldenstone’s board of directors and will take effect upon Closing, provided that the Equity Incentive Plan is approved by the stockholders at