Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 356

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1C
Chunk 356
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    Bay Capital Management(4) 
     322,651  
     9.37 
  
    Eddie
    Ni 
     1,217,195  
     35.8 
  
    Ray
    Chen 
     187,813  
     5.46 

    *
    Less than 1%.

    (1)
    Unless otherwise indicated,
    the business address of each of the individuals is c/o Goldenstone Acquisition Limited, 37-02 Prince Street; 2nd Floor, Flushing,
    NY 11354.
  
    (2)
    Consists of 842,350 shares
    owned by Goldenstone Capital, LLC, currently controlled by Eddie Ni, 200,000 shares owned by Goldenstone Holding, LLC and 175,625
    shares included in private placement units purchased by Goldenstone Holding, LLC.
  
    (3)
    Ray Chen owns and controls
    such shares through Raymond Charles Holding, LLC.

    (4)
    Based on a Scheduled 13G
    filed with the SEC on November 8, 2024. The business address of the reporting person is 1528 Havemeyer Place, 2nd Floor,
    Greenwich, CT 06830. 

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

In
March 2021, the Company issued 1,437,500 shares of common to our initial stockholders, which we refer to throughout this Form 10-K as
the “insider shares,” for an aggregate purchase price of $25,874, or approximately $0.018 per share. In January 2022, in
connection with the possible increase in the size of the offering, the Company declared a 20% stock dividend on each outstanding share.
This resolution was subsequently rescinded and no additional shares were issued.

Our
sponsor purchased from us an aggregate of 325,000 private units at $10.00 per private unit (for a total purchase price of $3,250,000).
These purchases will take place on a private placement basis simultaneously with the consummation of this offering. All of the proceeds
we receive from these purchases will be placed in the Trust Account described below. Our sponsor has also agreed that if the over-allotment
option is exercised by the underwriters, they will purchase from us at a price of $10.00 per private unit an additional number of private