Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 273

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 273
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 and subsequently reclassify to the Combined Company’s additional paid -incapital at the time of the consummation of the Business Combination; (H)Reflects the settlement of approximately $0.7 million of total Infintium’s estimated transaction costs related to the Business Combination, of which, 1) approximately $0.1million of transaction costs accrued as of the date of the unaudited pro forma condensed combined balance sheet, and 2) approximately $0.6million transaction costs related to the Business Combination to be recognized against additional paid -incapital at the time of the consummation of the Business Combination; 151 (I)Reflects the repayments of promissory notes from Goldenstone’s Sponsor of approximately $3.1million; (J)Reflects the elimination of the business combination deposits of $0.2 million; (K)Reflects the recapitalization of Infintium through issuance of (a) shares of Goldenstone common stock at $0.0001 par value to Infintium’s stockholders and (b) the consideration of the issuance of 1,500,000 Earnout shares of Goldenstone common stock, subject to the vesting schedule set forth in the Merger Agreement, deemed to be as equity instruments in accordance with ASC 815; and (L)In Scenario1, reflects the reclassification of 442,996shares of Goldenstone common stock subject to possible redemption to permanent equity at $0.0001 par value with no redemptions. In Scenario2, which assumes the same facts as described in Items A through K above, but reflects the assumption that the maximum number of 172,931 shares of Goldenstone common stock are redeemed for cash by Goldenstone stockholders to satisfy the $5.0 million cash balance of closing condition. Scenario 2 requires a $5.0million senior secured convertible note financing for the Business Combination to occur. Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations The transaction accounting adjustments included in the unaudited pro forma condensed combined statement of operations for the three months ended March31, 2025 and for the year ended December 31, 2024 are as follows: (AA) Represents an adjustment to eliminate interest earned on investment held in Trust Account, net of income tax effect, as if the Business Combination had been consummated on January 1, 2024, the beginning of the earliest period presented; (BB) The calculation of weighted