Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 148

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 148
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 did not attempt to, quantify or otherwise assign relative weights to the specific factors that it considered in reaching its determination and supporting its decision. The Board viewed its decision as being based on all of the information available and the factors presented to and considered by it. In addition, individual directors may have given different weight to different factors. This explanation of Goldenstone’s reasons for the Business Combination and all other information presented in this section is forward -lookingin nature and, therefore, should be read in light of the factors discussed under the section titled “ Cautionary Note Regarding Forward -Looking Statements.” Before reaching its decision, the Board reviewed the results of the due diligence conducted by our management, which included: •extensive meetings and calls with Infintium’s management to understand and analyze Infintium’s business and to understand Infintium’s final financial models and forecasts; •consultation with industry experts regarding competitive landscape, industry outlook, company reputation, business model and scientific validity; •consultation with Goldenstone’s legal and accounting advisors; •review of Infintium’s material contracts and financial, tax, legal, accounting, environmental, and intellectual property due diligence; •review of Infintium’s financial statements; •research on comparable public companies; and •research on comparable transactions. In approving the combination, the Board obtained the opinion of EntrepreneurShares LLC as to the fairness from a financial point of view of the consideration to be given in the Business Combination. In addition, 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 them to make the necessary analyses and determinations regarding the Business Combination. The above discussion of the material factors considered by the Board sets forth the principal factors it considered but is not intended to be exhaustive. Infintium’s Board of Directors’ Reasons for the Approval of the Business Combination Infintium considered a number of factors in determining to enter into the Business Combination Agreement with Goldenstone and the transactions contemplated thereby. The factors that the Infintium board of directors viewed as generally supporting its decision included, but were not limited to, the following: • Access to additional growth capital, particularly to support the expansion and commercialization of Infintium’s hydrogen fuel cell business; • Access to public capital markets, providing flexibility to raise additional funding in the future through equity or debt offerings to support ongoing growth and operations; • Potential strategic benefits of a public equity currency, including the ability to utilize publicly traded equity in future