Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 43

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 43
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 expand its market share and sales first through increasing penetration and sales to its existing customers, including partners in forklift manufacturing, distribution, wholesale and HCF services, as well as direct, large end users. Infintium is also targeting new customers in the automotive, industrial, logistics, and retail distribution companies. Infintium also plans to expand geographically into non -U.S. markets, notably Canada, Central and South America, followed by Middle East and Europe. Infintium believes that its combined strategy to first focus on increasing its market share in the U.S. material handling or industrial vehicle market as a qualified, reliable and attractive HFC supplier and to leverage its HFC knowhow and technology to enter segments outside of material handling (such as light and heavy -dutycommercial trucks, distributed energy and energy storage markets) will bring significant market opportunities for the company’s long -termgrowth. The Business Combination Agreement On June 26, 2024, Goldenstone entered into the Business Combination Agreement with Infintium, Merger Sub, and Yan (Chris) Feng, solely in his capacity as representative, agent and attorney -in-factof the Company Securityholders (the “Securityholder Representative,” and, together with Infintium, Goldenstone and Merger Sub, the “Parties”), pursuant to which Merger Sub will merge with and into Infintium (the “Business Combination”), with Infintium surviving the Merger as a wholly -ownedsubsidiary of Goldenstone. In connection with the Business Combination, Goldenstone will change its name to “Infintium Fuel Cell Systems Holdings, Inc.” The board of directors of Goldenstone has unanimously (i) approved and declared advisable the Agreement, the Business Combination and the other transactions contemplated by the Agreement and (ii) resolved to recommend approval of the Agreement and related matters by the stockholders of Goldenstone once the Registration Statement has been declared effective. Capitalized terms used herein but not otherwise defined have the meanings set forth in the Agreement. Treatment of Infintium Securities Common Stock.At the effective time of the Business Combination (the “Effective Time”), each share of the Class A common stock, par value $0.0001 per share, of Infintium (“Class A Common Stock”), and Class B common stock, par value $0.0001 per share, of Infintium (“Class B Common Stock,” and, together with the Class A Common Stock, the “Infintium Common Stock”), other than any shares the holders of which exercise