Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 403

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1C
Chunk 403
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 85% probability of successful combination. 

The
option and such units purchased pursuant to the option, as well as the common stock underlying such units, the rights included in such
units, the shares of common stock that are issuable for the rights included in such units, the warrants included in such units, and the
shares underlying such warrants, have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to FINRA
Rule 5110(e)(1). Additionally, the option may not be sold, transferred, assigned, pledged or hypothecated for a one-year period (including
the foregoing 180-day period) following the date of Initial Public Offering except to any underwriter and selected dealer participating
in the Initial Public Offering and their bona fide officers or partners. The option grants to holders demand and “piggy back”
rights for periods of five and seven years, respectively, from the effective date of the registration statement with respect to the registration
under the Securities Act of the securities directly and indirectly issuable upon exercise of the option. The Company will bear all fees
and expenses attendant to registering the securities, other than underwriting commissions which will be paid for by the holders themselves.
The exercise price and number of units issuable upon exercise of the option may be adjusted in certain circumstances including in the
event of a stock dividend, or the Company’s recapitalization, reorganization, merger or consolidation. However, the option will
not be adjusted for issuances of common stock at a price below its exercise price.

NOTE 8
— STOCKHOLDERS’ DEFICIT

Common
Stock

The
Company is authorized to issue up to 15,000,000 shares of common stock, par value $0.0001 per share. As of March 31, 2025 and 2024, there
were 1,846,250 shares of common stock issued and outstanding, respectively.

Rights

As
of March 31, 2025 and 2024, there were 5,750,000 Public Rights and 351,250 Private Rights outstanding.  Except
in cases where the Company is not the surviving company in a Business Combination, each holder of a right will automatically receive
one-tenth (1/10) of one share of common stock upon consummation of its initial Business Combination. In the event the Company will not
be the surviving company upon completion of its initial Business Combination, each holder