Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 238

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 238
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 in accordance with Article 11 of Regulation S -Xas amended by the final rule, Release No. 33 -10786“Amendments to Financial Disclosures about Acquired and Disposed Businesses.” Release No. 33 -10786replaces the existing pro forma adjustment criteria with simplified requirements to depict the accounting for the transaction (“ Transaction Accounting Adjustments”) and present the reasonably estimable synergies and other transaction effects that have occurred or are reasonably expected to occur ( “Management’s Adjustments”). New Infintium has elected not to present Management’s Adjustments and will only be presenting Transaction Accounting Adjustments in the following unaudited pro forma condensed combined financial information. Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet The transaction accounting adjustments included in the unaudited pro forma condensed combined balance sheet as of September 30, 2024 are as follows: (A)Reflects the reclassification of cash held in the Trust Account and the transfer from the Trust Account to the operating accounting of the Combined Company that becomes available for general use following the Business Combination; 128 (B)Reflects the settlement of $2,012,500 deferred underwriting discounts and commissions that becomes due and payable upon the consummation of the Business Combination, of which, 1) $150,000 paid in cash, 2) 350,000shares of Goldenstone common stock issued at $10.00 per share with a fair value of $3,500,000 and 3) the recognition of the stock compensation expenses of $1,637,500 and the transfer of Goldenstone’s historical accumulated deficit of Goldenstone, the accounting acquiree, into Infintium’s additional paid -incapital upon the consummation of the Business Combination; (C)Reflects the elimination of the historical accumulated deficit of Goldenstone, the accounting acquiree, into Infintium’s additional paid -incapital upon the consummation of the Business Combination and reflects the issuance of 610,125shares of Goldenstone common stock at $0.0001 par value from the conversion of 6,101,250 rights upon consummation of a Business Combination. (D)Reflects the settlement of approximately $1.4 million of total Goldenstone’s estimated transaction costs related to the Business Combination, of which, 1) approximately $0.7 million of transaction costs accrued as of the date of the unaudited pro forma condensed combined balance sheet and 2) approximately