Company: GDSTR
Filing Date: 2025-08-20
Form Type: 10-Q
Source: 0001213900-25-078650
Chunk: 46

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-20
Form: 10-Q
Item: Item 1
Chunk 46
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 a price of $11.50 per whole share and one right. Each right entitles the holder thereof to
receive one-tenth (1/10) of one share of our common stock upon the consummation of the Business Combination.

Simultaneously with the closing
of the IPO and the over-allotment, we consummated the issuance of 351,250 private placement units (the “Private Placement Units”)
for aggregate cash proceeds of $3,512,500. Each Private Placement Unit consists of one share of our common stock, one redeemable warrant
to purchase one-half of one share of our common stock at a price of $11.50 per whole share and one right. Each right entitles the holder
thereof to receive one-tenth (1/10) of one share of our common stock upon the consummation of our Business Combination. Our management
has broad discretion with respect to the specific application of the net proceeds of the IPO and the Private Placement Units, although
substantially all of the net proceeds are intended to be generally applied toward consummating our Business Combination.

Upon the closing of the initial
public offering on March 21, 2022, a total of $58,362,500, or $10.15 per share of the net proceeds from the IPO, the Over-Allotment and
the Private Placement were deposited in a Trust Account established for the benefit of our public stockholders.

If we have not completed our initial business combination by August
21, 2025 if we don’t further extend  , we will: (i) cease all operations except for the purpose of winding up, (ii) as
promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes
payable, and less up to $50,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares, which
redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation
distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to
the approval of our remaining stockholders and our board of directors, dissolve and liquidate, subject in each case to our obligations
under Delaware law to