Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 140

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 140
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 Qian) from Fusion Park LLC, who acts as a financial consultant to Infintium. During their meeting, Goldenstone (Eddie Ni) and Fusion Park LLC signed a Non -DisclosureAgreement (NDA), after which Wei introduced Mr. Ni to Infintium, generating significant enthusiasm. Following this initial discussion, a follow -upmeeting was arranged for October 31, 2023, at Infintium’s prior office location at 3271 Brushy Creek Rd, Greer, SC 29650. This meeting included Chris Feng, CEO of Infintium, James Tu, President of Fusion Park LLC, Wei Qian, Yi Li, a significant stockholder of Infintium. and Eddie Ni from Goldenstone. Before finalizing their decision, Goldenstone had engaged with and assessed approximately 30 potential merger candidates. After careful consideration, Goldenstone concluded that Infintium was the best fit for their strategic goals. On November 23, 2023, an NDA was signed with Chris Feng, facilitated by Fusion Park LLC, represented by Wei Qian and James Tu. Subsequently, on January 12, 2024, a Letter of Intent (LOI) was signed with Infintium, establishing an acquisition price of $80,000,000 to $120,000,000. A deposit of $200,000.00 was received on February 22, 2024, making the LOI official and exclusive. During the negotiation process, Infintium secured a substantial purchase order of approximately $5,000,000 from a leading e -commercecompany. Due to this promising development, Infintium requested an increase in the acquisition price to $150,000,000. In response, Goldenstone engaged EntrepreneurShares LLC as a financial advisor and to provide a fairness opinion. EntrepreneurShares which presented four scenarios with valuations ranging from $15 million to $378 million. After discussions with the Goldenstone’s directors and board members, including independent board members, determined that a fair acquisition price would be $130,000,000, which Infintium accepted. Throughout the merger process, Eddie Ni visited the South Carolina factory multiple times, gaining confidence from witnessing production and sales growth firsthand. Each company conducted due diligence on the other. An initial draft of the Business Combination Agreement was circulated by Infintium’s counsel on March27, 2024 with negotiations of the definitive Business Combination Agreement continuing through June 2024. The key issues that were subject to negotiation were (i)