10/07/2025 | Press release | Distributed by Public on 10/07/2025 14:50
Item 1.02. Termination of a Material Definitive Agreement.
As previously disclosed, on June 26, 2024, Goldenstone Acquisition Limited ("Goldenstone") entered into a Business Combination Agreement (the "Business Combination Agreement"), by and among Goldenstone, Pacifica Acquisition Corp., a Delaware corporation and wholly-owned subsidiary of Goldenstone ("Merger Sub"), Infintium Fuel Cell Systems, Inc., a Delaware corporation ("Infintium") and Yan (Chris) Feng, solely in his capacity as representative, agent and attorney-in-fact of the stockholders of Infintium (the "Securityholder Representative"). The Business Combination Agreement was subsequently amended on January 28, 2025.
Pursuant to the terms of the Business Combination Agreement, as amended, the Business Combination Agreement could be terminated by either Goldenstone or Infintium if the transactions contemplated by the Business Combination Agreement were not consummated by September 30, 2025. By letter dated October 1, 2025, Infintium informed Goldenstone that it was exercising its right to terminate the Business Combination Agreement.