Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 115

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 115
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44 Goldenstone’s stockholders will experience immediate dilution as a consequence of the issuance of Common Stock as consideration in the Business Combination. Having a minority share position may reduce the influence that Goldenstone’s current stockholders have on the management of Goldenstone. We anticipate that upon completion of the Business Combination, assuming no redemptions of the 442,996 Public Shares that remain outstanding, Goldenstone’s Public Stockholders will retain an ownership interest of approximately 6.3% in New Infintium, the Infintium Securityholders will own approximately 80.0% of New Infintium, the Initial Stockholders will own approximately 11.2% of New Infintium and the Representative will own approximately 2.5% of New Infintium. If 172,931 of the Public Shares outstanding are redeemed under the maximum redemptions scenario, Goldenstone’s Public stockholders will retain an ownership interest of approximately 5.3% in New Infintium, the Infintium Securityholders will own approximately 80.9% of New Infintium, the Initial Stockholders will own approximately 11.3% of New Infintium and the Representative will own approximately 2.5% of New Infintium. The ownership percentages with respect to New Infintium do not take into account the issuance of any additional shares of Common Stock underlying the Warrants but do take into account the issuance of 610,125shares of New Infintium Common Stock pursuant to the Rights. If the actual facts are different from these assumptions (which they are likely to be), the percentage ownership retained by the Goldenstone stockholders will be different. See “ Unaudited Pro Forma Condensed Combined Financial Information.” The financial projections used by the Board and Infintium’s financial advisor in evaluating the Business Combination differed materially from Infintium’s actual results, which may limit their relevance. The financial projections provided to and relied upon by Infintium’s financial advisor in rendering its fairness opinion, and considered by the Board in evaluating the Business Combination, differed materially from Infintium’s actual financial results for fiscal year 2024. These projections were prepared in good faith based on assumptions believed to be reasonable at the time. However, actual results have significantly deviated from those projections, and there can be no assurance that the underlying assumptions remain valid. Although Infintium and the Board continue to believe the fairness opinion remains valid, the material deviation between the projections and actual results may limit the relevance of the projections and