Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 87

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 87
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 of State (the “Charter Amendment”),
to extend the date to consummate a business combination until June 21, 2025, as approved by the Company’s stockholders at the Annual
Meeting. Pursuant to the Fourth Extension, through the date of this filing, the Company has deposited a total of twelve payments of $50,000
in the Trust Account, to initially extend the date by which the Company can complete an initial business combination by twelve months
to June 21, 2025.

9

On June 18, 2025, the Company’s stockholders
approved the amendment to the Company’s Amended and Restated Certificate of Incorporation, as previously amended on September 21,
2023 and June 18, 2024, to extend the date by which the Company has to consummate a business combination up to twelve (12) times,
each such extension for an additional one (1) month period, from June 21, 2025 to June 21, 2026. In connection with the
stockholders’ vote at the Annual Meeting, 1,152,875 shares of common stock were tendered for redemption. As a result,
$13,510,111 (approximately $11.72 per share) has been removed from the Company’s Trust Account in July 2025 to pay such holders,
without taking into account additional allocation of payments to cover any tax obligation of the Company, such as United States income
taxes and franchise taxes, but not including any excise tax, since that date. As of September 30, 2025, payables due to the redeeming
shareholders of the 1,152,875 shares amounted to $383,578 and the Company is in the process working with the Trustee to distribute this
balance to the redeeming shareholders. Following redemptions, the Company has 442,996 shares of public common stock outstanding.
Pursuant to the Fifth Extension, the Company has deposited a total of five of $50,000 in the Trust Account, to initially extend the date
by which the Company can complete an initial business combination by five months to November 21, 2025.

Liquidity and Going Concern

As of September 30, 2025, the Company had $371,603
in cash held outside its Trust Account available for the Company’s payment of expenses related to working capital purposes subsequent
to the Initial Public Offering and working capital