Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 146

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 146
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 limited to, the factors discussed below. In light of the complexity of those factors, the Goldenstone Board, as a whole, did not consider it practicable to, nor did it attempt to, quantify or otherwise assign relative weights to the specific factors it took into account in reaching its decision. Individual members of the Goldenstone Board may have given different weight to different factors. Certain information presented in this section, is forward -lookingin nature and, therefore, should be read in light of the factors discussed under “ Cautionary Note Regarding Forward -Looking Statements.” Before reaching its decision to approve the transaction and the Business Combination Agreement, the Goldenstone Board reviewed the results of the due diligence conducted by its management, the Sponsor, and Goldenstone’s advisors, which included: •Extensive meetings and calls with the management team and advisors of Infintium regarding, among other things, operations and forecasts, including a review of recent purchase orders from a large e -commercecompany; •The potential for further revenue growth through further sales to the e -commercecompany; •The valuation which Goldenstone ultimately agreed to, after negotiating a reduction in the initial range and creation of an earn -outso as to incentivize management to cause further growth;

66 •The opinion of EntrepreneurShares Valuation Services as to the valuation range for Infintium and EntrepreneurShares’ opinion as to the fairness from a financial point of view of the consideration to be given to the stockholders of Infintium; •Review of material contracts and other material matters; •Financial, tax, legal, insurance, accounting, operational, business and other due diligence; •Consultation with Goldenstone’s management and its legal counsel and financial advisors; •Review of historical financial performance of Infintium and Infintium’s management projections for its business; and •Financial and valuation analyses of Infintium and the Business Combination. The officers and directors of Goldenstone have substantial experience in evaluating the operating and financial merits of companies from a wide range of industries and concluded that their experience and background, enabled such officers and directors of Goldenstone to make the necessary analyses and determinations regarding the Business Combination. The Goldenstone Board also considered a variety of uncertainties and risk and other potentially negative factors concerning the Business Combination including, but not limited to, the following: • Development Stage Company.Target’s status as a growth stage company, and the risk that it may not be able to execute on its business plan; • Macro -economic Risks.Macro -economicuncertainty and the effects it could have on