Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 390

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 390
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 amendment and restatement of the Certificate of Incorporation, the Company is authorized to issue an aggregate of 145,000,000 shares of common stock; the authorized capital is divided into: (i) 120,000,000 shares of Class A common stock having a par value of $0.0001 per share to be issued to investors and (ii) 25,000,000 shares of Class B common stock having a par value of $0.0001 to be issued in connection with the Plan. The Company has not issued any preferred shares. In December 2023, in exchange for the conversion of a technology development loan, the Company issued an aggregate of 7,622,470 common shares at a fair value of $0.8057 per share for a total value of $6,141,510 to five related party investors/loan holders. In December 2023, in exchange for the conversion of debt totaling $1,392,937, the Company issued 1,728,829 common shares at a fair value of $0.8057 per share for a total value of $1,392,937 to a related party loan holder. In January 2024, in exchange for the conversion of debt of $710,000 (including interest payable of $110,000), the Company issued 881,209 common shares at a fair value of $0.8057 per share for a total value of $710,000 to a related party debt holder. In January 2024, in exchange for the conversion of debt of $500,000, the Company issued 620,570 common shares at a fair value of $0.8057 per share for a total value of $500,000 to a related party debt holder.

F-66

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS NOTE 17 — INCOME TAXES The Company accounts for income taxes under ASC 740 -10, which provides for an asset and liability approach of accounting for income taxes. Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted tax laws, attributed to temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts calculated for income tax purposes. Significant components of the Company’s deferred tax assets are summarized below.

|                                   |     |   |        As of 
 December 31, 
         2024 |   |     |   |        As of