Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 108

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 108
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Representative Shares”) to Maxim as part of representative compensation.
The Representative Shares are identical to the Common Stock sold as part of the Public Units, except that Maxim Group LLC has agreed
not to transfer, assign or sell any such representative shares until the completion of the Company’s initial Business Combination.
In addition, Maxim Group LLC has agreed (i) to waive its redemption rights with respect to such shares in connection with the completion
of the Company’s initial Business Combination and (ii) to waive its rights to liquidating distributions from the Trust Account
with respect to such shares if the Company fails to complete its initial Business Combination within 12 months (or up to 21 months if
the Company extends the period of time to consummate a Business Combination) from the effective date of its registration statement. The
shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the
commencement of sales of the offering pursuant to Rule 5110(e)(1) of FINRA’s Rules. The lock-up period has expired.

NOTE
7 — COMMITMENTS & CONTINGENCIES

Risks
and Uncertainties

As
a result of the military action commenced in February 2022 by the Russian Federation and Belarus in the country of Ukraine and related
economic sanctions, and conflict between Isreal and Hamas, the Company’s ability to consummate a Business Combination, or the operations
of a target business with which the Company ultimately consummates a Business Combination, may be materially and adversely affected.
In addition, the Company’s ability to consummate a transaction may be dependent on the ability to raise equity and debt financing
which may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party
financing being unavailable on terms acceptable to the Company or at all. The impact of this action and related sanctions on the world
economy and the specific impact on the Company’s financial position, results of operations and/or ability to consummate a Business
Combination are not yet determinable. The consolidated financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

Registration
Rights

The
holders of the Insider Shares issued and outstanding on the date of this filing, as well as the holders of the Private Units (and all
underlying securities) and any securities our initial stockholders, officers, directors or their affiliates may be issued in payment
of working capital loans made to the Company,