Company: GDSTR
Filing Date: 2025-06-05
Form Type: DEF 14A
Source: 0001213900-25-051563
Chunk: 34

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-05
Form: DEF 14A
Chunk 34
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 or any alternative initial business combination on or before the Termination Date and would be forced to liquidate. The Company’s Board has determined that it is in the best interests of Goldenstone to seek an extension of the Termination Date and have the Company’s stockholders approve the Third Extension Amendment Proposal and Third Trust Amendment Proposal because the Company will be required to dissolve if the Third Extension Amendment Proposal is not approved. If the Board otherwise determines that the Company will not be able to consummate an initial business combination by the final Extended Date, the Company would wind up its affairs and redeem 100% of the outstanding Public Shares in accordance with the same procedures set forth below that would be applicable if the Third Extension Amendment Proposal and the Third Trust Amendment Proposal are not approved. The Board believes that in order for us to potentially consummate an initial business combination, we will need to obtain the Extension because the Company will be required to dissolve if the Third Extension Amendment Proposal is not approved and the currently required extension payments are not made. The Third Extension Amendment Proposal is essential to allowing the Company additional time to consummate an initial business combination. Approval of the Third Extension Amendment Proposal is a condition to the implementation of the Extension. The Board believes that it is in the best interests of the Company and its shareholders that the Company obtain the Extension in order to complete a Business Combination, which will provide significant benefits to its shareholders. 17 In connection with the Third Extension Amendment, public stockholders may elect (the “ Election”) to redeem their public shares (“ Public Shares”) for a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest not previously released to the Company to pay franchise and income taxes, divided by the number of then outstanding Public Shares, regardless of whether such public stockholders vote “FOR” or “AGAINST” the Third Extension Amendment Proposal and the Third Trust Amendment Proposal and the Adjournment Proposal, and an Election can also be made by public stockholders who do not vote, or do not instruct their broker or bank how to vote, at the Special Meeting. Public stockholders may make an Election regardless of whether such public stockholders were holders as of the Record Date. If the Third Extension Amendment Proposal and the Third Trust Amendment Proposal are approved by the requisite vote of stockholders, the remaining holders of Public Shares will retain their right to redeem their Public Shares when the Business Combination is submitted to the stockholders, subject to any limitations set forth in the Charter, as amended by the Third Extension