Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 79

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 79
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I or the LOI or any subsequent definitive agreements are
terminated by either party due to reasons not attributable to Infintium, the Company will be required to return the Earnest Money to Infintium.

On June 26, 2024, the Company entered into a Business Combination Agreement
(the “Agreement”) with Infintium, Pacifica Acquisition Corp., a Delaware corporation (“Merger Sub 2”) and wholly-owned
subsidiary of 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 2 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, however, there is no assurance that the Registration Statement will be declared effective
or that the Business Combination will be completed.

8

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 its initial business combination, provided that its 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 if we extend for the full nine months) ten days advance notice prior to the applicable deadline.

On March 14, 2023, the Company announced that