Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 162

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 162
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 its remaining Goldenstone Public Shares, or, if it has none, to the U.S. Holder’s adjusted tax basis in other Goldenstone Public Shares constructively owned by it. Redemption Treated as Corporate Distribution If the redemption does not qualify as a sale or exchange of Goldenstone Public Shares, the U.S. Holder will be treated as receiving a corporate distribution. Such distributions generally will constitute dividends for U.S. federal income tax purposes to the extent paid from Goldenstone’s current or accumulated earnings and profits, as determined under U.S. federal income tax principles. Distributions in excess of current and accumulated earnings and profits will 83 constitute a return of capital that will be applied against and reduce (but not below zero) the U.S. Holder’s adjusted tax basis in the Goldenstone Public Shares. Any remaining excess will be treated as gain realized on the sale or other disposition of Goldenstone Public Shares. Dividends paid to a U.S. Holder that is a taxable corporation generally will qualify for the dividends received deduction if the requisite holding period is satisfied. With certain exceptions (including, but not limited to, dividends treated as investment income for purposes of investment interest deduction limitations) and provided certain holding period requirements are met, dividends paid to a non -corporateU.S. Holder generally will constitute “qualified dividends” that will be subject to tax at the maximum tax rate accorded to long -termcapital gains. However, it is unclear whether the redemption rights with respect to the Goldenstone Public Shares may prevent a U.S. Holder from satisfying the applicable holding period requirements with respect to the dividends received deduction or the preferential tax rate on qualified dividend income, as the case may be. All U.S. Holders are urged to consult their tax advisors as to the tax consequences to them of a redemption of all or a portion of their Goldenstone Public Shares pursuant to an exercise of redemption rights. U.S. Federal Income Tax Consequences to Non-U.S. Holders The characterization for U.S. federal income tax purposes of the redemption of a Non -U.S. Holder’s Goldenstone Public Shares as a sale or exchange under Section 302 of the Code or as a corporate distribution under Section 301 of the Code generally will correspond to the U.S. federal income tax characterization of such a redemption of a U.S. Holder’s Goldenstone Public Shares, as described above, and the corresponding consequences will be as described below. Redemption Treated as Sale or Exchange Any gain realized by a Non -U.S. Holder on the redemption of Golden