Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 169

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 169
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 encouraged to read the Amended Charter in its entirety for a more complete description of its terms. Reasons for the Amendment Proposal The Board’s reasons for proposing each of these amendments to the Current Charter is set forth below. • Amending the Current Charter to change Goldenstone’s name to “Infintium Fuel Cell Systems Holdings, Inc.”Goldenstone’s name is currently “Goldenstone Acquisition Limited” The Board believes that the name of the post -BusinessCombination company should align with the name of the post -BusinessCombination operating business. • Amending the Current Charter to increase the number of shares of Common Stock the post -Business Combination company is authorized to issue from 15,000,000 shares to 200,000,000 shares and authorize the post -Business Combination company to issue up to 10,000,000 shares of preferred stock.The Current Charter authorizes 15,000,000 shares of Common Stock not divided into classes. The Amended Charter provides that the post -BusinessCombination company will be authorized to issue 210,000,000 shares, consisting of 200,000,000shares of Common Stock and 10,000,000 shares of preferred stock. The Board believes that it is important for the post -BusinessCombination company to have available for issuance a number of authorized shares of Common Stock and preferred stock sufficient to support growth and to provide flexibility for future corporate needs (including, if needed, as part of financing for future growth acquisitions). • Amending the Current Charter to remove the various provisions applicable only to special purpose acquisition companies (such as the obligation to dissolve and liquidate if a business combination is not consummated within a certain period of time).The Current Charter would be amended and replaced in its entirety with the Amended Charter. This includes approval of all other changes in the Amended Charter and related clean up changes, as well as the removal of provisions of the Current Charter that will no longer be relevant in connection with replacing the Current Charter with the Amended Charter, including the elimination of certain provisions related to Goldenstone’s status as a special purpose acquisition company, which is desirable because these provisions will serve no purpose following the Business Combination. For example, these proposed amendments remove the requirement to dissolve the post -BusinessCombination company if an initial business combination is not completed within a certain period of time and will allow the post -BusinessCombination company to continue as a corporate entity 82 with perpetual existence following consummation of the Business Combination. Perpetual existence is the customary period