Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 516

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 3
Chunk 516
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any dividends in the foreseeable future. In addition, our board of directors is not currently contemplating and does not anticipate declaring
any share dividends in the foreseeable future. Further, if we incur any indebtedness, our ability to declare dividends may be limited
by restrictive covenants we may agree to in connection therewith.

Securities
Authorized for Issuance Under Equity Compensation Plans

None.

Recent
Sales of Unregistered Securities

None.

Use
of Proceeds

On
March 21, 2022, Goldenstone consummated its initial public offering (the “IPO”) of 5,750,000 units (the “Units”)
which included the full exercise of the over-allotment option to purchase 750,000 Units, each Unit consisting of one share of common
stock of the Company, par value $0.0001 per share (the “Common Stock”), one redeemable warrant to purchase one-half of one
share of Common Stock for $11.50 (“Warrant”) and one right to acquire one-tenth of one share of Common Stock.

Simultaneously
with the closing of the IPO and the over-allotment, we consummated the issuance of 351,250 private placement units (the “Private
Placement Units”) at $10.00 per Private Placement Unit.

Upon
the closing of the initial public offering on March 21, 2022, a total of $58,362,500 ($10.15 per Public Unit) of the net proceeds from
the IPO, the Over-Allotment and the Private Placement were deposited in a Trust Account established for the benefit of our public stockholders.

Purchases
of Equity Securities by the Issuer and Affiliated Purchasers

None.

ITEM
6. [RESERVED]

Not
applicable

17

ITEM
7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

References
to the “Company,” “Goldenstone” “our,” “us” or “we” refer to Goldenstone
Acquisition Limited. The following discussion and analysis of the Company’s financial condition and results of operations should
be read in conjunction with the consolidated financial statements and the notes thereto contained elsewhere in this report. Certain information
contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

Cautionary
Note Regarding Forward-Looking Statements

This
Annual Report on Form 10-K includes forward-looking statements within