Company: GDSTR
Filing Date: 2025-08-20
Form Type: 10-Q
Source: 0001213900-25-078650
Chunk: 104

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-20
Form: 10-Q
Item: Item 8
Chunk 104
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of grant using the following assumptions: (1) expected volatility of 12.96%, (2) risk-free interest rate of 1.61%, (3) expected life of
five years and (4) 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 June 30, 2025 and March 31, 2025, there were 1,846,250 shares of common stock issued and outstanding,
respectively,    which does not include common stock subject to possible redemption.

Rights

As of June 30, 2025 and March 31, 2025, there were 5,750,000 Public
Rights and 351,250 Private Rights outstanding.  Except in cases where the Company is