Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 300

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 300
---
                                                                                                                                                                                                                                                                                                                                                                                 |
| Special Shareholder Meetings    |     | Our bylaws provide that special meetings of stockholders may be called by the Board of Directors, any two directors, or the President.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

171 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS Goldenstone Related Person Transactions Founder Shares.In March 2021, the Company issued 1,437,500shares of Common Stock to our initial stockholders, 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. Private Units.Our sponsor purchased from us an aggregate of 351,250 private units at $10.00 per private unit (for a total purchase price of $3,512,500). These purchases took place on a private placement basis simultaneously with the consummation of the IPO. All of the proceeds we received from these purchases were placed in the trust account described below. The private units are identical to the units sold in the IPO except as otherwise described herein. The purchasers have agreed not to transfer, assign or sell any of the private units or the underlying securities (except to the same permitted transferees as the insider shares) until the completion of our initial business combination. Administrative Services Agreement.We were obligated, commencing on the closing date of the offering and for 12 months, to pay our sponsor’s affiliate and officers, a total monthly fee of $25,000. The payment is for general and administrative services including office space, utilities, secretarial support and officers’ services to us. Specifically, $2,000 will be paid to our sponsor’s affiliate, Windfall Plaza Management, LLC, for the office space, utilities, and secretarial support; $10,000, $8,000 and $5,000 will be paid to Mr. Yongsheng Liu, Mr. Eddie Ni, and Mr. Ray Chen respectively. However, pursuant to the terms of such agreement, we may delay payment of such monthly fee upon a determination by our audit committee that we lack sufficient funds held outside the trust to pay actual or anticipated expenses in connection with our initial business combination. Any such unpaid amount will accrue without interest and be due and payable no later than the date of