Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 77

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 77
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 competition for our products will come from current power technologies, from improvements to current power technologies, and from new alternative energy technologies, including other types of fuel cells. Each of our target markets is currently serviced by existing manufacturers with existing customers and suppliers. These manufacturers use proven and widely accepted technologies such as internal combustion engines and batteries as well as coal, oil and nuclear -poweredgenerators. Many of our competitors have substantial financial resources, customer bases, manufacturing, marketing and sales capabilities, and businesses or other resources, which give them significant competitive advantages over us. Infintium’s independent registered public accounting firm has identified material weaknesses in its internal control over financial reporting. If Infintium is unable to develop and maintain an effective system of internal control over financial reporting, it may not be able to accurately report its financial results in a timely manner, which may adversely affect investor confidence in Infintium and materially and adversely affect its business and operating results. Infintium’s independent registered public accounting firm identified material weaknesses in its internal controls. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of annual or interim financial statements will not be prevented, or detected and corrected on a timely basis. Effective internal controls are necessary to provide reliable financial reports and prevent fraud. Infintium will take certain actions and continues to evaluate steps to remediate the material weaknesses. These remediation measures may be time consuming and costly and there is no assurance that these initiatives will ultimately have the intended effects. 25 If Infintium’s independent registered public accounting firm identifies any new material weaknesses in the future, any such newly identified material weakness could limit the company’s ability to prevent or detect a misstatement of its accounts or disclosures that could result in a material misstatement of its annual or interim financial statements. In such case, investors may lose confidence in the company’s financial reporting and the company’s financial performance may be adversely impacted. Infintium cannot provide assurance that the measures it will take will be sufficient to avoid potential future material weaknesses. Our management lacks experience leading a public company. Our management team lacks experience in operating a public company which may place us in a competitive disadvantage to other companies with management members with such experience. This lack of experience may also result in our management team’s lack of adequate preparation for the challenges present in public companies, whether business, legal, and other challenges which our management members may face. New Infintium’s financial performance may be adversely impacted due to