Company: GDSTR
Filing Date: 2025-08-20
Form Type: 10-Q
Source: 0001213900-25-078650
Chunk: 83

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-20
Form: 10-Q
Item: Item 8
Chunk 83
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, a total of nine deposits of $100,000 were   made into the Trust Account established at
the time of the Company’s initial public offering for the benefit of the public stockholders. Pursuant to the Third Extension, the
new deadline for completion of an initial business combination was extended to June 21, 2024, the ninth additional month of the Third
Extension. 

In connection with the votes to approve the Company’s
Amended and Restated Certificate of Incorporation, 758,539 shares of Common Stock of the Company were tendered for redemption
for an aggregate payment of approximately $8.2 million in October 2023.

On June 18, 2024, the Company’s stockholders
approved the amendment to the Company’s Amended and Restated Certificate of Incorporation, as previously amended on September 21,
2023, to extend the date by which the Company has to consummate a business combination up to twelve (12) times (the “Fourth
Extension”), each such extension for an additional one (1) month period, from June 21, 2024 to June 21, 2025. In
connection with the stockholders’ vote at the Annual Meeting, 3,395,590 shares of common stock were tendered for
redemption. As a result, $38,044,345 (approximately $11.20 per share) has been removed from the Company’s Trust Account to
pay such holders, without taking into account additional allocation of payments to cover any tax obligation of the Company, such as United
States income taxes and franchise taxes, but not including any excise tax, since that date. On June 18, 2024, the Company filed a second
amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State (the “Charter Amendment”),
to extend the date to consummate a business combination until June 21, 2025, as approved by the Company’s stockholders at the Annual
Meeting. Pursuant to the Fourth Extension, through the date of this filing, the Company has deposited a total of twelve payments of $50,000
in the Trust Account, to initially extend the date by which the Company can complete an initial business combination by twelve months
to June 21, 2025.

9

On June 18, 2025, the Company’s stockholders
approved the amendment to the Company’s