Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 371

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 371
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 majority of the vesting conditions of the Warrant are based on the payment from the Warrant holder (or the Company’s customer) in connection with the Company’s sales transactions. The Warrant expires ten years from the Issue Date and the Warrant holder may exercise on either a cash or net exercise basis. The Warrant holder has agreed that it will not become a 10% or greater shareholder in the Company. 6,892,816 Warrant Shares vested and became immediately exercisable on the Issue Date. The remainder of Warrant shares vest based on payments received from the Warrant holder to the Company, up to a maximum of $225 million in payments. 275,713 Warrant Shares will vest and become immediately exercisable upon each incremental $2,250,000 in Payments from July 1, 2024 until such time as the cumulative total amount of Payments equals $225,000,000, except that the last $2,250,000 in Payments shall vest only 275,676 Warrant Shares. The Warrant and Warrant Shares determined to be accounted for as an equity instrument in accordance with ASC 480 and ASC 815. The Company recorded the grant date fair value on January 15, 2025 of the Warrant Shares of approximately $30.2 million. Such fair value was accounted for as a variable consideration, to be recognized as a proportional reduction of revenue against the up to $225 million in potential payments from the Warrant holder. F-45

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) NOTE 14 — STOCKHOLDERS’ EQUITY (DEFICIT) (cont.) The table below summarizes the fair value of grant date fair value of the Warrant and the assumptions included in the Black -Scholesmodel used to estimate the fair value:

|                         |     | Grant Date  
 January 15, 
 2025        |       |   |
|:------------------------|:----|:------------|------:|:--|
| Fair value              |     | $           |  0.87 |   |
| Stock price             |     | $           |  1.20 |   |
| Exercise price          |     | $           |  0.65 |   |
| Risk-free interest rate |     |             |  4.66 | % |
| Term (in years)         |     |             |    10 |