Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 15

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 15
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 (the “Merger”),
with Infintium surviving the Merger as a wholly-owned subsidiary of the Company. In connection with the Merger, the Company will change
its name to “Infintium Fuel Cell Systems Holdings, Inc.” The board of directors of the Company has unanimously (i) approved
and declared advisable the Agreement, the Merger and the other transactions contemplated by the Agreement and (ii) resolved to recommend
approval of the Agreement and related matters by the stockholders of the Registrant once the Registration Statement has been declared
effective. The Company filed its initial Form S-4 Registrant Statement on January 30, 2025 and filed two amendments to the Form S-4 on
April 24, 2025, May 14, 2025, June 20, 2025, July 18, 2025, and August 5, 2025, however, there is no assurance that the Registration Statement
will be declared effective or that the Business Combination will be completed.

Pursuant to the terms of the Agreement, as amended,
the Agreement could be terminated by either the Company or Infintium if the transactions contemplated by the Agreement were not consummated
by September 30, 2025. By letter dated October 1, 2025, Infintium informed the Company that it was exercising its right to terminate the
Agreement.

8

Extension of the Deadline to Complete an Initial
Business Combination

Pursuant to the terms of our Amended and Restated
Certificate of Incorporation and the Investment Management Trust Agreement between the Company and Continental Stock Transfer & Trust
Company, LLC (“Continental”), the Company may elect to extend the time available to consummate its initial business combination,
provided that its sponsor or its affiliates or designees must, upon ten days advance notice prior to the applicable deadline, deposit
$575,000 into the Trust Account ($0.10 per share) on or prior to the date of the applicable deadline, for each three month extension (or
up to an aggregate of $1,725,000, or $0.30 per share if we extend for the full nine months) ten days advance notice prior to the applicable
deadline.

On March 14, 2023, the Company announced that
it had extended the period of time by which it may complete an initial business combination by an additional three months (the “Extension”).
In accordance with its amended and restated certificate of incorporation,