Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 55

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 55
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375shares of Common Stock (inclusive of shares issuable upon conversion of the Rights) based on the closing price of the Common Stock on the Nasdaq Stock Market LLC on January28, 2025 and $10,538 for the 351,250 Warrants based on the closing price of the Warrants on the Nasdaq Stock Market LLC on January28, 2025 of $0.03. •The exercise of Goldenstone’s directors’ and officers’ discretion in agreeing to changes or waivers in the terms of the Business Combination may result in a conflict of interest when determining whether such changes or waivers are appropriate and in our stockholders’ best interest. Other than as described above, Goldenstone’s officers and directors and their respective affiliates have no interest in, or affiliation with, Infintium. Infintium’s directors and officers also have interests in the Business Combination that are in addition to and apart from their interests as stockholders of Infintium. The Infintium Board was aware of these interests and considered them in approving the Business Combination Agreement and the Business Combination. See “Proposal 1 — The Business Combination Proposal — Interests of Certain Persons in the Business Combination” for additional information. Accounting Treatment The Business Combination will be accounted for as a “reverse recapitalization” in accordance with U.S. GAAP. Under this method of accounting, Goldenstone will be treated as the “acquired” company for financial reporting purposes. This determination is primarily based on the fact that subsequent to the Business Combination, Infintium’s Shareholders are expected to have a majority of the voting power of the Combined Company, Infintium will comprise all of the ongoing operations of the Combined Company, Infintium will comprise a majority of the governing body of the Combined Company, and Infintium’s senior management will comprise all of the senior management of the Combined Company. Accordingly, for accounting purposes, the Business Combination will be treated as the equivalent of Infintium issuing shares for the net assets of Goldenstone, accompanied by a recapitalization. The net assets of Goldenstone will be stated at historical costs. No goodwill or other intangible assets will be recorded. Operations prior to the Business Combination will be those of Infintium. Recommendations of the Board and Reasons for the Business Combination After careful consideration of the terms and conditions of the Business Combination Agreement, the Board has determined that Business Combination and the transactions contemplated thereby are fair to, and in the best interests of, Goldenstone and its stockholders. In reaching its decision with respect