Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 143

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 143
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3) delays in new orders from potential customers resulting from current regulatory and macroeconomic uncertainty, Infintium’s actual results through December31, 2024, have not met the projections. Infintinum does not, as a matter of general practice, publicly disclose long -termforecasts or internal projections of its future performance, revenue, financial condition or other results. The Goldenstone Board evaluated these projections at the time the Business Combination was approved. While the projections were considered by the Board, they were not the determinative factor. Infintium’s forecasts were prepared solely for internal use and not with a view toward public disclosure, the published guidelines of the SEC regarding projections or the guidelines established by the American Institute of Certified Public Accountants for preparation and presentation of prospective financial information.

| (in 000’s of $)        |     |   2023 |    |     |   2024 |    |     |   2025 |   |     |   2026 |   |     |   2027 |   |     |   2028 |   |
| Fuel Cell Units Orders |     |    123 |    |     |    601 |    |     |  1,000 |   |     |  1,600 |   |     |  2,500 |   |     |  4,000 |   |
| Revenues               |     |  2,835 |    |     |  7,084 |    |     | 28,933 |   |     | 40,929 |   |     | 63,224 |   |     | 97,092 |   |
| Gross Margin %         |     |  (8.45 | )% |     |  17.07 | %  |     |  25.11 | % |     |  29.70 | % |     |  29.04 | % |     |  29.07 | % |
| Net Income             |     | (3,897 | )  |     | (5,455 | )  |     |     40 |   |     |  1,260 |   |     |  4,052 |   |     |  8,180 |   |
| Net Margin             |     | (137.5 | )% |     |  (77.0 | )% |     |    0.1 | %