Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 150

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 150
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80% test,” at the time of the execution of a definitive agreement for such initial business combination. As of June 26, 2024, the date of the execution of the Business Combination Agreement, the fair value of marketable securities held in the Trust Account was approximately $17.8 million and 80% thereof represents approximately $14.2million. In reaching its conclusion that the Business Combination meets the 80% test, the Board reviewed the pre -moneyvaluation of approximately $130,000,000. In determining whether the pro forma total enterprise value described above represents the fair market value of Infintium, the Board considered all of the factors described in this section and the section of this proxy statement/prospectus entitled “ Proposal 1 — The Business Combination Proposal — The Business Combination Agreement” and that the pre -moneyvaluation of approximately $130,000,000 was determined as a result of arm’s length negotiations. As a result, the Board concluded that the fair market value of the equity acquired was significantly in excess of 80% of the assets held in the Trust Account (excluding taxes payable on the income earned on the Trust Account). Opinion of Financial Advisor Pursuant to the engagement proposal dated February 26, 2024, EntrepreneurShares LLC (“EntrepreneurShares”) was engaged by Goldenstone to act as its financial advisor in connection with the proposed business combination involving Goldenstone and Infintium to evaluate the proposed Business Combination. As part of this engagement, Goldenstone requested that EntrepreneurShares evaluate the facts of the Business Combination and provide an opinion as to whether the total enterprise value upon which the consideration (the “Business Combination Consideration”), after adjusting for debt, cash and transaction expenses, in the form of New Infintium Common Stock, payable under the terms of the Letter of Intent (“LOI”) dated January 12, 2024 is fair, from a financial point of view, to the stockholders of Goldenstone other than the Sponsor, any of its affiliates and any other holder of Goldenstone Founder Shares. The consideration to be paid in the Business Combination was determined by Goldenstone. 69 The fairness opinion does not speak to any date other than the date of such opinion, and as such, the opinion will not address the fairness of the Merger Consideration, from a financial point of view, at any date after the date of such opinion, including at the time the Business Combination is completed. The Board has not obtained nor will it obtain an additional updated fairness opinion prior to the Closing that takes