Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 6

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 6
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, and converted into 4,829,593 number of new Infintium Warrants, based on Infintium’s Equity Value and based on a conversion rate of 0.1401341 at March 31, 2025. At Closing, the Sponsor shall hold a total of 1,823,875 shares of Common Stock of New Infintium. Material Financing Transactions: Sponsor Notes.Since the completion of Goldenstone’s IPO in March 2022, Goldenstone has not completed any material financing transactions other than receiving loans from the Sponsor. These loans are on an unsecured, interest -freebasis. Goldenstone has used the proceeds from these loans for working capital and to make payments into the Trust Account for extension payments. As of the expected Closing Date of the Business Combination, the Sponsor will have lent to Goldenstone an estimated $___ million pursuant to interest -freeloans, including for funds deposited in the Trust Account in connection with extensions of the deadline by which Goldenstone had to consummate its initial business combination. These loans are due to be repaid in cash at Closing, but may, at the option of the lender, be converted immediately prior to the Closing Date of the Business Combination into units that are identical to the Private Units sold to the Sponsor and others at the time of the IPO and consist of one share of Common Stock, one right and one warrant at a per unit price of $10.00. The Sponsor has informed Goldenstone that it does not anticipate converting any of the loans into private units. Instead, such loans will be repaid in cash at Closing if there are sufficient funds available and, if not, the Sponsor has agreed to defer its receipt of payment for one year. As such, the Sponsor Notes will not have a dilutive impact on non -redeemingstockholders. Convertible Note Term Sheet.Goldenstone has entered into a non -bindingterm sheet with a third -partylender for a convertible note of up to $10,000,000 of which half ($5,000,000) would be funded at Closing. The loan would carry a 6% interest rate with a 7% original issue discount and would be convertible at a fixed convertible price of $11.50. The note will be convertible at any point in time after issuance at the option of the holder subject to limitations that the shares to be issued cannot be in violation of any Nasdaq or other applicable national securities exchange limits. The term of the loan would be 18months with monthly redemption payments