Company: GDSTR
Filing Date: 2025-04-24
Form Type: S-4/A
Source: 0001213900-25-034782
Chunk: 252

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-04-24
Form: S-4/A
Chunk 252
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000 of transaction costs accrued as of the date of the unaudited pro forma condensed combined balance sheet, and 2) approximately $0.7 million transaction costs related to the Business Combination to be recognized against additional paid -incapital at the time of the consummation of the Business Combination; (F)Reflects the repayments of Promissory notes from Goldenstone’s Sponsor of approximately $2.8 million; (G)Reflects the elimination of the business combination deposits of $0.2 million; (H)Reflects the recapitalization of Infintium through (a) shares of Goldenstone common stock at $0.0001 par value to Infintium’s stockholders and (b) the consideration of the issuance of 1,500,000 Earnout shares of Goldenstone common stock, subject to the vesting schedule set forth in the Merger Agreement, deemed to be as equity instruments in accordance with ASC 815; and (I)In Scenario1, reflects the reclassification of 1,595,871shares of Goldenstone common stock subject to possible redemption to permanent equity at $0.0001 par value with no redemptions. In Scenario2, which assumes the same facts as described in Items A through H above, but reflects the assumption that the maximum number of 1,497,615shares of Goldenstone common stock are redeemed for cash by Goldenstone stockholders to satisfy the $5.0 million cash balance of closing condition, reduces by potential minimum aggregate principal amount of $3.0 million bridge financing. Scenario 2 requires a $3.0million bridge financing for the Business Combination to occur. Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations The transaction accounting adjustments included in the unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024 are as follows: (AA) Represents an adjustment to eliminate interest earned on investment held in Trust Account, net of income tax effect, as if the Business Combination had been consummated on January 1, 2024, the beginning of the earliest period presented; (BB) The calculation of weighted average shares outstanding for basic and diluted net loss per share assumes that the Business Combination had been consummated on January 1, 2024. In addition, as the Business Combination is being reflected as if it had occurred on this date, the calculation of weighted average shares outstanding for basic and diluted net loss per share assumes that the