Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 147

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 147
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 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.” The board of directors of the
Company has unanimously (i) approved and declared advisable the Agreement, the Merger and the other transactions contemplated by the Agreement
and (ii) resolved to recommend approval of the Agreement and related matters by the stockholders of the Registrant once the Registration
Statement has been declared effective. The Company filed its initial Form S-4 Registrant Statement on January 30, 2025 and filed four
amendments to the Form S-4 on April 24, 2025, May 14, 2025, June 20, 2025, July 18, 2025, and August 5, 2025, however, there is no assurance
that the Registration Statement will be declared effective or that the Business Combination will be completed.

Pursuant to the terms of the Agreement, as amended,
the Agreement could be terminated by either the Company or Infintium if the transactions contemplated by the Agreement were not consummated
by September 30, 2025. By letter dated October 1, 2025, Infintium informed the Company that it was exercising its right to terminate the
Agreement.

Extension of the Deadline to Complete an Initial
Business Combination

Pursuant to the terms of our Amended and Restated
Certificate of Incorporation and the Investment Management Trust Agreement between the Company and Continental Stock Transfer & Trust
Company, LLC (“Continental”), the Company may elect to extend the time available to consummate our initial business combination,
provided that our sponsor or its affiliates or designees must, upon ten days advance notice prior to the applicable deadline, deposit
$575,000 into the Trust Account ($0.10 per share) on or prior to the date of the applicable deadline, for each three month extension (or
up to an aggregate of $1,725,000, or $0.30 per share