Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 161

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 161
---
 to vote their shares of Common Stock in favor of the Business Combination Agreement and the Business Combination; •the fact that the Sponsor and the Initial Stockholder have agreed to (i) not transfer the shares of Common Stock beneficially owned by them prior to the Closing, (ii) certain lock -upprovisions with respect to their shares of Common Stock for twelve months following the Closing, and (iii) waive and not otherwise perfect any anti -dilutionor similar protection with respect to any shares of Common Stock beneficially owned by them; •the fact that the Sponsor and the other Initial Stockholders will receive material benefits from the completion of an initial business combination and may be incentivized to complete the Business Combination rather than liquidate (in which case the Sponsor and the other Initial Stockholders would lose their entire investment); •the fact that Goldenstone’s officers and directors are not required to, and will not, commit their full time to Goldenstone’s affairs, which may result in a conflict of interest in allocating their time between Goldenstone’s operations and the proposed Business Combination and their other businesses, on the other hand. In addition, certain of Goldenstone’s officers and directors presently have, and any of them in the future may have additional, fiduciary and contractual duties to other entities, and therefore could have conflicts of interest in determining whether to present such business combination opportunity to such entity, subject to their fiduciary duties under Delaware law. Goldenstone does not believe that duties have had any material impact on the identification of companies that may be appropriate acquisition targets; •the fact that the $2,976,966 principal balance as of March31, 2025 under the Sponsor Notes will only be repaid if an initial business combination is consummated. The Sponsor loaned additional $100,000 to the Company subsequent to March31, 2025. The Company is intended to repay the Sponsor in full at the close of the Business Combination; •the fact that given the differential in the purchase price that the Sponsor and the other Initial Stockholders paid for the founder shares as compared to the price of the Public Units sold in the IPO, the Sponsor and the other Initial Stockholders may earn a positive rate of return on their investment even if the Common Stock trades below the price initially paid for the Public Units in the IPO and the Public Stockholders experience a negative rate of return following the completion of the Business Combination; •the fact that Sponsor and the other Initial Stockholders have entered into a registration rights agreement, pursuant to which they