Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 175

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 175
---
,000,000shares of preferred stock; •remove the requirement of an affirmative vote of holders of more than 60% of the voting power of all then outstanding shares of capital stock entitled to vote generally in the election of directors, voting together as a single class, to remove any or all of the directors at any time for cause; and •remove the various provisions applicable only to special purpose acquisition companies (such as the obligation to dissolve and liquidate if a business combination is not consummated within a certain period of time) that will no longer be applicable after the consummation of the Business Combination, including the elimination of Article VI (which generally set forth the requirements of an initial business combination). This summary is qualified by reference to the complete text of the Amended Charter, a copy of which is attached to this proxy statement/prospectus as Annex B. All stockholders are encouraged to read the Amended Charter in its entirety for a more complete description of its terms. Reasons for the Amendment Proposal The Board’s reasons for proposing each of these amendments to the Current Charter is set forth below. • Amending the Current Charter to change Goldenstone’s name to “Infintium Fuel Cell Systems Holdings, Inc.”Goldenstone’s name is currently “Goldenstone Acquisition Limited” The Board believes that the name of the post -BusinessCombination company should align with the name of the post -BusinessCombination operating business. • Amending the Current Charter to increase the number of shares of Common Stock the post -Business Combination company is authorized to issue from 15,000,000 shares to 200,000,000 shares and authorize the post -Business Combination company to issue up to 10,000,000 shares of preferred stock.The Current Charter authorizes 15,000,000 shares of Common Stock not divided into classes. The Amended Charter provides that the post -BusinessCombination company will be authorized to issue 210,000,000 shares, consisting of 200,000,000shares of Common Stock and 10,000,000 shares of preferred stock. The Board believes that it is important for the post -BusinessCombination company to have available for issuance a number of authorized shares of Common Stock and preferred stock sufficient to support growth and to provide flexibility for future corporate needs (including, if needed, as part of financing for future growth acquisitions). • Amending the Current Charter to remove the various provisions applicable only to special purpose acquisition companies (such as the obligation to dissolve and liquidate if a business combination is not