Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 189

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 189
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 of a trade or business within the United States, Goldenstone will be required to withhold U.S. tax from the gross amount of the dividend at a rate of 30%, unless such Non -U.S. Holder is eligible for a reduced rate of withholding tax under an applicable income tax treaty and provides proper certification of its eligibility for such reduced rate (usually on an IRS Form W -8BENor W -8BEN-E). Any distribution not constituting a dividend will be treated first as reducing (but not below zero) the Non -U.S. Holder’s adjusted tax basis in its shares of the Goldenstone Public Shares and, to the extent such distribution exceeds the Non -U.S. Holder’s adjusted tax basis, as gain realized from the sale or other disposition of the Common Stock, which will be treated as described above. This withholding tax does not apply to dividends paid to a Non -U.S. Holder who provides a Form W -8ECI, certifying that the dividends are effectively connected with the Non -U.S. Holder’s conduct of a trade or business within the United States. Instead, the effectively connected dividends will be subject to regular U.S. income tax as if the Non -U.S. Holder were a U.S. resident, subject to an applicable income tax treaty providing otherwise. A Non -U.S. corporation receiving effectively connected dividends may also be subject to an additional “branch profits tax” imposed at a rate of 30% (or a lower treaty rate). U.S. Federal Income Tax Consequences of the Business Combination to U.S. Holders of Goldenstone Public Shares U.S. Holders of Goldenstone Public Shares who do not exercise their redemption rights will not be selling, exchanging, or otherwise transferring their Goldenstone Public Shares and should therefore not be subject to any material U.S. federal income tax consequences as a result of the Business Combination. U.S. Federal Income Tax Consequences of the Business Combination to U.S. Holders of Infintium Shares The following is a discussion of the tax consequences of the Business Combination to an owner of Infintium shares who is a U.S. Holder. Shares received on the closing of the merger Infintium will receive an opinion of tax counsel that, for U.S. federal income tax purposes, the merger will qualify as a “reorganization” within the meaning of Code Section 368(a). If the merger does qualify as a reorganization then, except as discussed below with respect to the “Earn Out shares”, the consequences of the