Goldenstone Acquisition LTD

Market Movers (8-K)

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Goldenstone Acquisition Limited announced the appointment of seasoned asset management expert Carson Wong to its Board of Directors following the resignation of Ray Chen.
Better than expected
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Goldenstone Acquisition Limited's business combination agreement with Infintium Fuel Cell Systems, Inc. has been terminated by Infintium.
Delay expected
Worse than expected
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Goldenstone Acquisition Limited shareholders approved an extension for the company to complete its business combination until June 21, 2026, following significant share redemptions that substantially reduced the trust account balance.
Worse than expected
Delay expected
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Goldenstone Acquisition Limited stockholders approved a one-year extension to complete a business combination, but the decision was accompanied by substantial share redemptions, significantly reducing the company's trust account balance.
Worse than expected
Delay expected
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Goldenstone Acquisition Limited received a delisting notice from Nasdaq due to not completing an initial business combination within the required timeframe.
Worse than expected
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Goldenstone Acquisition Limited has entered into a business combination agreement with Infintium Fuel Cell Systems, Inc., marking a significant step towards a merger and public listing for Infintium.
Capital raise

Quarterly Earnings (10-Q)

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Goldenstone Acquisition Limited reported a net loss and significant redemptions, with its business combination agreement terminated and substantial doubt about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
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Goldenstone Acquisition Limited reported a net loss for the quarter ended September 30, 2025, and announced the termination of its business combination agreement with Infintium Fuel Cell Systems, Inc.
Worse than expected
Capital raise
Delay expected
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Goldenstone Acquisition Limited reports a net loss, significant shareholder redemptions, and material weaknesses in internal controls, raising substantial doubt about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
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Goldenstone Acquisition Limited reports a net income of $18,240 for the quarter ended December 31, 2024, while continuing efforts to finalize a business combination with Infintium Fuel Cell Systems.
Worse than expected
Delay expected
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Goldenstone Acquisition Limited reported a net income of $81,219 for the six months ended September 30, 2024, while continuing efforts to finalize a business combination.
Worse than expected
Delay expected
Capital raise
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Goldenstone Acquisition Limited reported a net income of $22,595 for the quarter ended June 30, 2024, while navigating ongoing efforts to complete a business combination.
Worse than expected
Delay expected

Annual Reports (10-K)

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Goldenstone Acquisition Limited, a SPAC, reported a significant decline in net income and cash reserves for fiscal year 2025, facing substantial doubt about its ability to continue as a going concern while pursuing a delayed business combination with Infintium Fuel Cell Systems and having been delisted from Nasdaq.
Delay expected
Worse than expected
Capital raise
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Goldenstone Acquisition Limited's annual report details its financial status, efforts to find a merger target, and extensions to its business combination deadline.
Worse than expected
Delay expected
Capital raise
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Goldenstone Acquisition Limited has filed an amendment to its annual report, revising certain disclosures and extending the deadline to complete a business combination.
Delay expected

Insider Trading (Form 4)

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Goldenstone Acquisition Limited will merge with Infintium Fuel Cell Systems, Inc., with Infintium surviving as a wholly-owned subsidiary and Goldenstone changing its name to Infintium Fuel Cell Systems Holdings, Inc.
Capital raise
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Goldenstone Acquisition Limited and Infintium Fuel Cell Systems, Inc. have entered into a definitive business combination agreement to bring Infintium's hydrogen fuel cell technology to the public market.

Proxy Statements (Def-14A)

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Goldenstone Acquisition Limited proposes extending its business combination deadline, reducing monthly trust contributions, and removing restrictions on China-based targets.
Delay expected
Worse than expected
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Goldenstone Acquisition Limited, a SPAC, is seeking shareholder approval to extend its deadline to complete a business combination with Infintium Fuel Cell Systems, Inc. by an additional year, to June 21, 2026, requiring monthly deposits into its trust account.
Capital raise
Delay expected
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Goldenstone Acquisition Limited is seeking stockholder approval to extend the deadline for completing a business combination from June 21, 2024, to June 21, 2025, with monthly extensions requiring a $50,000 deposit into the trust account.
Delay expected

Schedule 13G - Passive Investments

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W. R. Berkley Corporation and its subsidiary Berkley Insurance Company have disclosed a 7.4% beneficial ownership stake in Goldenstone Acquisition Limited.
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Hudson Bay Capital Management LP and Sander Gerber have reported a 0% beneficial ownership in Goldenstone Acquisition Ltd., indicating a full divestment of their previously held stake.
Worse than expected
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Karpus Management, Inc. has fully divested its beneficial ownership in Goldenstone Acquisition Ltd., reducing its stake to 0.00%.
Worse than expected
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TD Securities (USA) LLC, along with its parent entities, has filed an amended Schedule 13G disclosing a 4.6% beneficial ownership stake in Goldenstone Acquisition Ltd. as of March 31, 2025.
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TD Securities (USA) LLC has reported a 5.1% beneficial ownership stake in Goldenstone Acquisition Ltd. as of December 31, 2024, following its merger with Cowen and Company, LLC.