W. R. Berkley Corporation and Berkley Insurance Company filed a Schedule 13G reporting beneficial ownership of 168,989 shares of Goldenstone Acquisition Limited (GDST) common stock, representing 7.4% as of 09/30/2025.
The filing lists shared voting power: 168,989 and shared dispositive power: 168,989, with 0 sole voting and dispositive power. The signatory certified the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Goldenstone Acquisition Limited reported that its planned merger with Infintium Fuel Cell Systems, Inc. has been terminated. The companies had entered into a Business Combination Agreement on June 26, 2024, later amended on January 28, 2025, to combine Goldenstone, its subsidiary Pacifica Acquisition Corp., and Infintium. The agreement allowed either party to walk away if the transaction was not completed by September 30, 2025. After that deadline passed, Infintium sent a letter dated October 1, 2025, exercising its right to terminate the agreement, so the proposed business combination will not proceed.
Goldenstone Acquisition held a Special Meeting of Stockholders on June 18, 2025, where shareholders approved two key proposals:
- Extension of business combination deadline by up to 12 monthly periods from June 21, 2025 to June 21, 2026
- Amendment to Trust Agreement requiring $50,000 monthly deposit for each extension period
Key outcomes include:
- 81.38% of shareholders (2,801,036 shares) participated in the meeting
- 1,152,875 shares were redeemed at approximately $11.90 per share, totaling $13.7M
- Trust account balance reduced to $5.27M after redemptions
- Public float decreased to 442,996 shares outstanding
- Company deposited initial $50,000 to extend deadline to July 21, 2025