Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 141

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 141
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 publicly disclose its intention to take the actions set forth in clauses (i) and (ii) of this paragraph. The term “Lock -UpPeriod” means the earlier of (i) the date that is six (6) months after the Closing Date, (ii) the business day following the day that the New Infintium Common Stock has traded at or above $12.50 for any fifteen trading days in a thirty trading day period, and (iii) the business day following the day that the New Infintium Common Stock has traded at or above $11.50 for fifteen consecutive trading days. A&R Registration Rights Agreement.At the Closing, Goldenstone will enter into (the A&R Registration Rights Agreement with certain existing stockholders of Goldenstone and with certain Infintium stockholders with respect to the shares of New Infintium Common Stock they own at the Closing. The A&R Registration Rights Agreement will require Goldenstone to, among other things, file a resale shelf registration statement on behalf of the stockholders no later than 30 days after the Closing. The A&R Registration Rights Agreement will also provide certain demand registration rights and piggyback registration rights to the stockholders, subject to underwriter cutbacks and issuer blackout periods. New Infintium will agree to pay certain fees and expenses relating to registrations under the A&R Registration Rights Agreement. Background of the Business Combination The terms of the Business Combination are the result of arm’s length negotiations between representatives of Goldenstone and Infintium. The proposed Business Combination was the result of an extensive search for potential transactions utilizing the network of Goldenstone’s management team and the board of directors and Goldenstone’s advisors. The following is a brief description of the background of these negotiations, the Business Combination Agreement and the related transactions. Goldenstone is a Delaware Corporation incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. On March 17, 2022, Goldenstone consummated its IPO of 5,000,000 Goldenstone Units at $10.00 per unit, generating gross proceeds of $50,000,000. Simultaneously with the IPO, Goldenstone also consummated the sale of 351,250 Private Units to its Sponsor generating total proceeds of $3,512,500. On March 17, 2022, in connection with the underwriters’ election to fully exercise their over -