Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 110

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 110
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intium was inadequate, then stockholders of Goldenstone following the Business Combination could lose some or all of their investment. Even though Goldenstone conducted a thorough due diligence investigation of Infintium, it cannot be sure that this diligence uncovered all material issues that may be present inside Infintium or its business, or that it would be possible to uncover all material issues through a customary amount of due diligence, or that factors outside of Infintium and its business and outside of its control will not later arise. Because the post-combination company will be a publicly traded company by virtue of a merger as opposed to an underwritten initial public offering, the process does not use the services of one or more underwriters, which could result in less diligence being conducted. In an underwritten initial public offering, underwriters typically conduct due diligence on the company being taken public in order to establish a due diligence defense against liability claims under federal securities laws. Because Goldenstone is already a publicly traded company, an underwriter has not been engaged. While the Sponsor may have an inherent conflict of interest because its shares of Common Stock and Warrants will be worthless if Goldenstone does not complete a business combination, management and the board of directors of the acquirer, as well as private investors, undertake a certain level of due diligence. However, this due diligence is not necessarily the same level of due diligence undertaken by an underwriter in a traditional initial public offering. If such investigation had occurred, certain information in this proxy statement/prospectus may have been presented in a different manner or additional information may have been presented at the request of such underwriter. Stockholder litigation and regulatory inquiries and investigations are expensive and could harm Goldenstone’s operating results and could divert management attention. In the past, securities class action litigation and/or stockholder derivative litigation and inquiries or investigations by regulatory authorities have often followed certain significant business transactions, such as the sale of a company or announcement of any other strategic transaction, such as the Business Combination. Any stockholder litigation and/or regulatory investigations against Goldenstone, whether or not resolved in Goldenstone’s favor, could result in substantial costs and divert Goldenstone’s management’s attention from other business concerns, which could adversely affect Goldenstone’s business and cash resources and the ultimate value Goldenstone’s stockholders receive as a result of the Business Combination. The Initial Stockholders who own shares of Common Stock and Private Units will not participate in liquidation distributions and, therefore, they may have a conflict of interest in determining whether the Business Combination is appropriate. As