Company: GDSTR
Filing Date: 2025-04-24
Form Type: S-4/A
Source: 0001213900-25-034782
Chunk: 199

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-04-24
Form: S-4/A
Chunk 199
---
 City and New Jersey. Mr. Ni was the chairman and chief executive officer of Direct Import Home Décor from November 2003 to November 2009. Prior to Windfall Group and Direct Import Home Décor, from May 1990 to October 2003, Mr. Ni was the founder and chief executive officer of Ni’s Dynasty, which focused on investments in management of the food and beverage industry. With a management team with experience in merger and acquisitions for blank check companies, connections to the global business community including Asia and North America, and experience in business development, we believe we can source attractive deals and find compelling investment opportunities from private and public sources to create value for stockholders. Notwithstanding the foregoing, our officers and directors are not required to commit their full time to our affairs and will allocate their time to other businesses, which may result in a conflict of interest in allocating their time between our operations and our search for a business combination and their other businesses. We presently expect each of our employees to devote such amount of time as they reasonably believe is necessary to our business (which could range from only a few hours a week while we are trying to locate a potential target business to a In addition, past performance by our management team is not a guarantee either (i) of success with respect to any business combination we may consummate or (ii) that we will be able to locate a suitable candidate for our initial business combination. Furthermore, the members of the management team may not remain with us subsequent to the consummation of a business combination. Sponsor Background and Ownership Goldenstone Holding, LLC, (the “Sponsor”) was formed for the sole purpose of founding and supporting Goldenstone through its IPO and initial business combination. As of the date of this proxy statement/prospectus, the Sponsor is controlled by Eddie Ni, our Chief Executive Officer. The Sponsor does not engage in any other business activities and is not responsible for the day -to-dayoperations of Goldenstone. In March 2021, Goldenstone issued an aggregate of 1,437,500shares of our Common Stock for an aggregate purchase price of $25,000, or approximately $0.01739 per share, to the Sponsor and the other Initial Stockholders. In connection with the closing of the IPO, Goldenstone consummated a private placement with the Sponsor and other initial stockholders of 351,250 private placement units generating total proceeds of $3,512,500. 103

There are no circumstances or arrangements under which there will be