Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 356

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 356
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 2024, the Board of Directors of the Company entered into a Business Combination Agreement (“BCA”) with Goldenstone Acquisition Limited, a Delaware corporation (“Goldenstone”), a wholly owned direct subsidiary of Goldenstone (“Merger Sub”), the Corporation, and Yan (Chris) Feng, solely in his capacity as representative, agent and attorney -in-factof the Company Securityholders (as such term is defined in the BCA), pursuant to which Merger Sub will merge with and into the Corporation (the “Merger”), with the Corporation surviving the Merger as a wholly owned subsidiary of Goldenstone, and Goldenstone will change its name to “Infintium Fuel Cell Systems Inc.”, which will continue as a public corporation after the closing of the Merger. NOTE 2 — BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with the generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. GAAP can be condensed or omitted. These unaudited condensed financial statements have been prepared on the same basis as its annual financial statements and, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the Company’s financial information. These interim results are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2025, or for any other interim period or for any other future year. All intercompany balances and transactions have been eliminated in consolidation. The Company’s fiscal year end date is December 31. Use of Estimates The unaudited condensed financial statements have been prepared in accordance with U.S. GAAP and include amounts based on estimates and assumptions by management. Actual results could differ from those amounts. Significant estimates include amounts for inventory reserves, allowances for credit losses and stock -basedcompensation expense. Segments The Company uses the management approach in determining reportable operating segments. The management approach considers the internal reporting used by our chief operating decision maker for making operating decisions about the allocation of resources and the assessment of performance in determining our reportable operating segments. Management has determined that the Company has one operating segment. Cash and Cash Equivalents Cash and cash equivalents include time deposits and