Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 255

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 255
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 into Infintium’s additional paid -incapital upon the consummation of the Business Combination and reflects the issuance of 610,125shares of Goldenstone common stock at $0.0001 par value from the conversion of 6,101,250 rights upon consummation of a Business Combination. (E)Reflects the settlement of approximately $1.3 million of total Goldenstone’s estimated transaction costs related to the Business Combination, of which, 1) approximately $0.7 million of transaction costs accrued as of the date of the unaudited pro forma condensed combined balance sheet and 2) approximately $0.6 million of transaction costs classified as an adjustment to Goldenstone’s accumulated deficit and subsequently reclassify to the Combined Company’s additional paid -incapital at the time of the consummation of the Business Combination; (F)Reflects the settlement of approximately $0.7 million of total Infintium’s estimated transaction costs related to the Business Combination, of which, 1) approximately $50,000 of transaction costs accrued as of the date of the unaudited pro forma condensed combined balance sheet, and 2) approximately $0.7 million transaction costs related to the Business Combination to be recognized against additional paid -incapital at the time of the consummation of the Business Combination; (G)Reflects the repayments of Promissory notes from Goldenstone’s Sponsor of approximately $3.0 million; (H)Reflects the elimination of the business combination deposits of $0.2 million; (I)Reflects the recapitalization of Infintium through (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 (J)In Scenario1, reflects the reclassification of 1,595,871shares 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 H above, but reflects the assumption that the maximum number of 1,481,315shares of Goldenstone common stock are redeemed for cash by Goldenstone stockholders to satisfy the $5.0 million cash balance