Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 189

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1A
Chunk 189
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funds held in the Trust Account.

F-8

The
Company’s initial stockholders (the “initial stockholders”) have agreed (a) to vote the founders shares and the common
stock (“Insider Shares”) underlying the Private Units (the “Private Shares”) and any Public Shares purchased
during or after the Initial Public Offering in favor of a Business Combination, (b) not to propose, or vote in favor of, an amendment
to the Company’s amended and restated certificate of incorporation that would stop the public stockholders from converting or selling
their shares to the Company in connection with a Business Combination or affect the substance or timing of the Company’s obligation
to redeem 100% of the Public Shares if the Company does not complete a Business Combination within the Combination Period unless the
Company provides dissenting public stockholders with the opportunity to convert their Public Shares into the right to receive cash from
the Trust Account in connection with any such vote; (c) not to convert any Insider Shares and Private Units (including underlying securities)
(as well as any Public Shares purchased during or after the Initial Public Offering) into the right to receive cash from the Trust Account
in connection with a stockholder vote to approve a Business Combination (or sell any shares in a tender offer in connection with a Business
Combination) or a vote to amend the provisions of the Amended and Restated Certificate of Incorporation relating to stockholders’
rights of pre-Business Combination activity and (d) that the Insider Shares and Private Units (including underlying securities) shall
not participate in any liquidating distributions upon winding up if a Business Combination is not consummated. However, the initial stockholders
will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares purchased during or after the
Initial Public Offering if the Company fails to complete its Business Combination.

The
Company initially had until 12 months from the closing of the Initial Public Offering (until March 21, 2023) and further provided that
the Company could extend the Business Combination Period for up to 9 additional months in three-month increments provided that the Company
deposited into trust $575,000 for each three-month extension. On September 21, 2023, the Charter and the Trust Agreement were amended
to extend the date by which the Company has to consummate a business combination up to nine (9) times, each such extension for an additional
one (1) month period, from September 21,