Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 238

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1B
Chunk 238
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1933, as amended (the “Securities Act”). As a result, from September
2023 through May 2024, a total of nine deposits of $100,000 was made into to the Trust Account established at the time of the Company’s
initial public offering for the benefit of the public stockholders. Pursuant to the Third Extension, the new deadline for completion
of an initial business combination was June 21, 2024, the ninth additional months of the Third Extension.

In
connection with the votes to approve the Company’s Amended and Restated Certificate of Incorporation, 758,539 shares
of Common Stock of the Company were rendered for redemption in October 2023.

On
June 18, 2024, the Company’s stockholders approved the amendment to the Company’s Amended and Restated Certificate of Incorporation,
as previously amended on September 21, 2023, to extend the date by which the Company has to consummate a business combination up
to twelve (12) times (the “Fourth Extension”), each such extension for an additional one (1) month period, from
June 21, 2024 to June 21, 2025. In connection with the stockholders’ vote at the Annual Meeting, 3,395,590 shares
of common stock were tendered for redemption. As a result, approximately $38.0 million (approximately $11.20 per share) has
been removed from the Company’s Trust Account to pay such holders, without taking into account additional allocation of payments
to cover any tax obligation of the Company, such as franchise taxes, but not including any excise tax, since that date. On June 18, 2024,
the Company filed a second amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary 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, the Company has deposited a total of twelve 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.

In
connection with the votes to approve the Company’s Amended and Restated Certificate of Incorporation, 3,395,590 shares
of Common Stock