Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 375

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 375
---
     | $            |        263 |   |
| Cash paid for income taxes                                                                |     | $                   |          — |   |     | $            |          — |   |
| NON-CASH INVESTING AND FINANCING ACTIVITIES:                                              |     |                     |            |   |     |              |            |   |
| Conversion of debt to equity                                                              |     | $                   |  1,210,000 |   |     | $            |  7,534,446 |   |
| Right of use asset acquired under new operating lease                                     |     | $                   |  3,059,081 |   |     | $            |          — |   |

The accompanying notes are an integral part of these financial statements.

F-52 INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS NOTE 1 — NATURE OF THE ORGANIZATION AND BUSINESS Infintium Fuel Cell Systems, Inc. (“Infintium” or the “Company”) was incorporated on November 9, 2017 under the laws of Delaware and its corporate headquarters are located in Greenville, South Carolina. Infintium is a developer and provider of advanced hydrogen fuel cell (“HFC”) technologies and power systems built upon proton exchange membranes (“PEM”) for heavy transportation applications; the Company engages in the design, engineering, commercialization, manufacturing, marketing, sales and after -saleservices of its HFC systems, which are sold and deployed in large factories and warehouses primarily for material handling applications for its automotive, industrial and retail distribution customers. The Company’s mission is to develop reliable, innovative, and efficient HFCs to accelerate the development of the hydrogen economy for clean energy transition. In June 2024, the Board of Directors of the Company entered into a Business Combination Agreement (“BCA”) with Goldenstone Acquisition Limited, a Delaware corporation (“Goldenstone”), a wholly owned direct subsidiary of Goldenstone (“Merger Sub”), the Corporation, and Yan (Chris) Feng, solely in his capacity as representative, agent and attorney -in-factof the Company Securityholders (as such term is defined in the BCA), pursuant to which Merger Sub will merge with and into the Corporation (the “Merger”), with the Corporation surviving the Merger as a wholly owned subsidiary of Goldenstone, and Goldenstone will change its name to “Infintium Fuel Cell Systems Inc.”, which will continue as a public corporation after the closing of the