Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 149

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 149
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 Business Combination would provide the Combined Company with enhanced access to capital to facilitate its growth, as well as greater liquidity to Infintium’s stockholders. The Business Combination is conditioned on the receipt of approval for listing on Nasdaq of the shares of Combined Company Common Stock to be issued in connection with the Business Combination. |     | The potential detriments to Infintium and its affiliates are the increased costs and difficulty of operating as a public company and the dilution of their ownership stake in Infintium as a result of the Business Combination.                                                                                                                                                                                                                                                                                                                                                                                |

Goldenstone’s Board of Directors’ Reasons for the Approval of the Business Combination As described under “ Background of the Business Combination” above, in evaluating the Business Combination, the Goldenstone Board consulted with Goldenstone’s management and financial and legal advisors. In reaching its unanimous decision to approve the Business Combination Agreement and the transactions contemplated by the Business Combination Agreement, considered a range of factors, including but not limited to, the factors discussed below. In light of the complexity of those factors, the Goldenstone Board, as a whole, did not consider it practicable to, nor did it attempt to, quantify or otherwise assign relative weights to the specific factors it took into account in reaching its decision. Individual members of the Goldenstone Board may have given different weight to different factors. Certain information presented in this section, is forward -lookingin nature and, therefore, should be read in light of the factors discussed under “ Cautionary Note Regarding Forward -Looking Statements.” Before reaching its decision to approve the transaction and the Business Combination Agreement, the Goldenstone Board reviewed the results of the due diligence conducted by its management, the Sponsor, and Goldenstone’s advisors, which included: •Extensive meetings and calls with the management team and advisors of Infintium regarding, among other things, operations and forecasts, including a review of recent purchase orders from a large e -commercecompany; •The potential for further revenue growth through further sales to the e -commercecompany; •The valuation which Goldenstone ultimately agreed to, after negotiating a reduction in the initial range and creation of an earn -outso as to incentivize management to cause further growth;

66 •The opinion of EntrepreneurShares Valuation Services as to the valuation range for Infintium and EntrepreneurShares’ opinion as to the fairness from a financial point of view of the consideration to be given to the stockholders of Infintium; •Review of material contracts and other material matters; •Financial, tax, legal, insurance, accounting