Company: GDSTR
Filing Date: 2025-08-20
Form Type: 10-Q
Source: 0001213900-25-078650
Chunk: 14

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-20
Form: 10-Q
Item: Item 1
Chunk 14
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 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.

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, a deposit of $575,000 was made into the Trust Account established
at the time of the Company’s initial public offering for the benefit of the public stockholders. Pursuant to the Extension, the
new deadline for completion of an initial business combination was extended to June 21, 2023.

On June 20, 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 “Second
Extension