Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 153

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 153
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 a valuation range of $72 million to $221 million. The FY2025 Revenue was based on the operational forecasts provided by Company Management. Based on the derived valuation range of approximately $72 million to $221 million, the transaction based on a pre -moneytotal enterprise value of $130 million fell within the derived valuation range and was deemed to be fair from a financial point of view under this methodology. EntrepreneurShares utilized the platform and analytical tools of CapIQ’s public company database (the “database,” unless otherwise indicated, as accessed as of June 20, 2024 (the “Access Date”)), to assist with the identification of GPC Guideline Companies and to obtain certain publicly available information about those companies, as further described below. Of the total number of companies with securities listed on various national securities exchange (“public companies”) included in the database as of the Access Date, EntrepreneurShares focused its analysis on public companies classified within the following Global Industry Classification Standards classifications (“GICS,” referring to the classifications developed by S&P Dow Jones Indices and MSCI, as of the Access Date): •Worldwide Presence: Of the total number of companies included in the database as of the Access Date, EntrepreneurShares selected a group of 70,719 public companies with securities listed on various national exchanges globally in order to incorporate in the GPC Analysis companies with operations and foci outside as well as inside of North America (the “Worldwide Presence Category”). •All Energy, Materials and Industrials: Within the companies in the Worldwide Presence Category, EntrepreneurShares narrowed its search to the approximately 18,864 public companies that fall within the GICS general “Energy”, “Materials” and “Industrials” classification, which incorporates, among other companies, Coal and Consumable Fuels, Semiconductor Manufacturing Services and Hydroelectric Power Generation (the “General Energy, Materials and Industrials Category”). •Specific Hydrogen Category: EntrepreneurShares’ search was further narrowed to approximately 408 companies within the General Energy, Materials and Industrials Category categorized as having the following business lines, which EntrepreneurShares considered to have attributes or potential similarities to Infintium: (i) Hydrogen •Total Revenue between USD 1 Million to USD 100 Million: Among the companies within the specific hydrogen category, EntrepreneurShares focused on 89 companies with revenues between USD 1 Million to USD 100 Million, which EntrepreneurShares considered relevant to Infintium given its potential revenues upon consummation of the Transaction. •All Major Exchanges: Among the companies