Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 137

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 137
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 file a resale shelf registration statement on behalf of the stockholders no later than 30 days after the Closing. The A&R Registration Rights Agreement will also provide certain demand registration rights and piggyback registration rights to the stockholders, subject to underwriter cutbacks and issuer blackout periods. New Infintium will agree to pay certain fees and expenses relating to registrations under the A&R Registration Rights Agreement. Background of the Business Combination The terms of the Business Combination are the result of arm’s length negotiations between representatives of Goldenstone and Infintium. The proposed Business Combination was the result of an extensive search for potential transactions utilizing the network of Goldenstone’s management team and the board of directors and Goldenstone’s advisors. The following is a brief description of the background of these negotiations, the Business Combination Agreement and the related transactions. Goldenstone is a Delaware Corporation incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. On March 17, 2022, Goldenstone consummated its IPO of 5,000,000 Goldenstone Units at $10.00 per unit, generating gross proceeds of $50,000,000. Simultaneously with the IPO, Goldenstone also consummated the sale of 351,250 Private Units to its Sponsor generating total proceeds of $3,512,500. On March 17, 2022, in connection with the underwriters’ election to fully exercise their over -allotmentoption, Goldenstone consummated the sale of an additional 750,000 Goldenstone Units at $10.00 per unit resulting in additional gross proceeds of $7,500,000. A total of $57,500,000 of the net proceeds from the IPO and the over -allotmentwas deposited in a trust account established for the benefit of Goldenstone’s public stockholders (the “Trust Account”), with Continental Stock Transfer & Trust Company acting as trustee. Prior to the consummation of the IPO, neither Goldenstone, nor anyone on its behalf, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to a transaction with SPAC. Upon the consummation of the IPO, Goldenstone’s management team commenced an active search for prospective businesses to acquire in its initial business combination. Through the networks of relationships of its management team, Board of Directors, and the Sponsor, representatives of Goldenstone