Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 227

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 227
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Infintium’s Class 2 forklift battery products have the following features and specifications:

| Dimensions |     | Voltage |     | Model Number |
| 18”        |     | 36V     |     | P18-55L36C   |
| 18”        |     | 48V     |     | P18-55L48B   |
| 21”        |     | 36V     |     | P21-55L36C   |
| 21”        |     | 48V     |     | P21-55L48B   |

Infintium’s Class 3 forklift battery products have the following features and specifications:

| Dimensions |     | Voltage |     | Model Number |
| 12” SS     |     | 24V     |     | P12-56A24F   |
| 13” SS     |     | 24V     |     | P13-39A24A   |
| 14” SS     |     | 24V     |     | P13-56A24F   |
| 14” SS–70  |     | 24V     |     | P13-70A24A   |

As accessories to the forklift batteries, Infintium also sells telemetry to track battery usage and measure performance directly. These telemetry products have voltage ranging from 9 to 32V. Market and Industry Overview The global HFC industry is in its early stage of market penetration against electric batteries. It is rapidly expanding driven by the demand for cleaner energy solutions by large industrial, distribution and logistics companies, particularly in the heavy -dutytransportation sector. According to Precedent Research, the global hydrogen fuel cell market is expected to grow from $4.0 billion in 2022 to $39.9 billion by 2032, with a compounded annual growth rate (CAGR) of 25.9%. According to Industrial Truck Association, there are over 850,000 lift trucks currently in operation in the U.S., Infintium’s primary market today. Total sales across all classes (1 -5) were 344,330, lower by 3,000 units compared with 2021. And according to U.S. Environmental Protection Agency ( EPA), there are estimated over 50,000 lift trucks in the U.S. now powered by hydrogen fuel cells. And according to the 2023