Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 154

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 154
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 whether the total enterprise value upon which the consideration (the “Business Combination Consideration”), after adjusting for debt, cash and transaction expenses, in the form of New Infintium Common Stock, payable under the terms of the Letter of Intent (“LOI”) dated January 12, 2024 is fair, from a financial point of view, to the stockholders of Goldenstone other than the Sponsor, any of its affiliates and any other holder of Goldenstone Founder Shares. The consideration to be paid in the Business Combination was determined by Goldenstone. 69 The fairness opinion does not speak to any date other than the date of such opinion, and as such, the opinion will not address the fairness of the Merger Consideration, from a financial point of view, at any date after the date of such opinion, including at the time the Business Combination is completed. The Board has not obtained nor will it obtain an additional updated fairness opinion prior to the Closing that takes into account any changes in the operations and prospects of Infintium, general market and economic conditions and other factors that may be beyond the control of Goldenstone and Infintium, and on which the fairness opinion was based, may alter the value of Goldenstone or Infintium or the price of the Goldenstone Common Stock by the time the Business Combination is completed. In particular, in rendering the fairness opinion, Entrepreneur Shares relied upon financial data and projections of future results provided to it. There have been material changes in Infintium’s financial results as compared to the projections provided at the time of the fairness opinion. For fiscal years 2023 and 2024, Infintium has not achieved any of its projected metrics. In selecting EntrepreneurShares to provide a fairness opinion, Goldenstone considered, among other factors, EntrepreneurShares’ qualifications, experience, fees, required time to prepare its report, and reputation., including their unique academic qualifications as tenured professors at the top ranked entrepreneurship program, leading asset manager in the global entrepreneurial venture community, frequent guest appearances as valuation experts in leading media stations such as CNBC, Fox Business & Bloomberg and the fact that EntrepreneurShares is regularly engaged in the valuation of businesses and their securities and the provision of fairness opinions in connection with business combination transactions. EntrepreneurShares received a fixed fee of $75,000 and was not contingent upon the outcome of the Fairness opinion or closing of the transaction. No material relationships existed between EntrepreneurShares and Goldenstone for the previous two years. The full text of EntrepreneurShares’ written opinion dated June 21,