Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 28

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 28
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 any Public Shares to Goldenstone in a tender offer in connection with a proposed initial business combination, or to receive distributions with respect to any Public Shares upon the liquidation of the Trust Account if Goldenstone is unable to consummate a business combination. This waiver was made at the time that the founder shares were purchased for no additional consideration. If Goldenstone does not complete an initial business combination, such as the Business Combination, by June21, 2025, it will be required to dissolve and liquidate. In such event, the 1,437,500 founder shares currently held by the Initial Stockholders, which they acquired prior to the IPO, will be worthless because such holders have agreed to waive their rights to any liquidation distributions. The Initial Stockholders purchased the founder shares for an aggregate purchase price of $25,000, or approximately $0.01 per share with an aggregate market value of approximately $16.8million, based on the closing price of the Common Stock of $11.68 on the Nasdaq Stock Market LLC on January28, 2025. Accordingly, the Initial Stockholders will receive a positive rate of return so long as the market price of the Common Stock is at least $0.01 per share, even if Public Stockholders experience a negative rate of return in New Infintium. •If Goldenstone does not complete an initial business combination, such as the Business Combination, by June21, 2025, the 351,250 Private Units that the Sponsor purchased for a total purchase price of $3,512,500 will be worthless. The Sponsor purchased the Private Units at a price of $10.00 per Unit, the same price paid by Public Stockholders in the IPO per Public Unit. The Units had an aggregate market value of approximately $4.3million consisting of $4.3million for the 386,375shares of Common Stock (inclusive of shares issuable upon conversion of the Rights) based on the closing price of the Common Stock on the Nasdaq Stock Market LLC on January28, 2025 and $10,538 for the 351,250 Warrants based on the closing price of the Warrants on the Nasdaq Stock Market LLC on January28, 2025 of $0.03. •The exercise of Goldenstone’s directors’ and officers’ discretion in agreeing to changes or waivers in the terms of the Business Combination may result in a conflict of interest when determining whether such changes or waivers are appropriate and in our stockholders’ best interest.