Goldenstone Acquisition Limited. and Infintium Fuel Cell Systems, Inc. Announce Definitive Business Combination Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2024
0mins
Source: Newsfilter
- Infintium's Advanced Hydrogen Fuel Cell Technologies: Infintium is merging with Goldenstone to provide carbon-free hydrogen fuel cell systems for material handling vehicles.
- Corporate Net Zero Commitments: The rise in net zero commitments is expected to drive the adoption of hydrogen-powered heavy-duty trucks.
- Investment Highlights: Infintium's patented hydrogen fuel cell products offer carbon-free power for material handling vehicles, with advanced features and a proven track record.
- Transaction Overview: The business combination values Infintium at $130 million, providing $18 million in cash proceeds and aiming to enhance manufacturing and marketing operations.
- Forward Looking Statements: Cautionary statements are provided regarding the risks and uncertainties associated with the proposed business combination.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
