Company: GDSTR
Filing Date: 2025-06-05
Form Type: DEF 14A
Source: 0001213900-25-051563
Chunk: 19

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-05
Form: DEF 14A
Chunk 19
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 expenses exceed the amount of available proceeds from the IPO and private placement not deposited in the Trust Account; •with certain limited exceptions, 50% of the Founder Shares will not be transferred, assigned, sold or released from escrow until the earlier of six months after the date of the consummation of our initial business combination and the date the closing price of our common stock equals or exceeds $12.50 per share (as

6 adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30 -tradingday period commencing after our initial business combination and the remaining 50% of the insider shares will not be transferred, assigned, sold or released from escrow until six months after the date of the consummation of our initial business combination or earlier in either case if, subsequent to our initial business combination, we complete a liquidation, merger, stock exchange or other similar transaction which results in all of our shareholders having the right to exchange their shares of common stock for cash, securities or other property; •the Sponsor will benefit from the completion of a business combination and may be incentivized to complete an acquisition of a less favorable target company or on terms less favorable to public stockholders rather than liquidate; •because of these interests, our initial stockholders could benefit from the completion of a business combination that is not favorable to the Company’s public stockholders and may be incentivized to complete a business combination of a less favorable target company or on terms less favorable to public stockholders rather than liquidate. Based on the difference in the purchase price of $0.017 per share that the Sponsor paid for the Founder Shares, as compared to the purchase price of $10.00 per public unit sold in the IPO, the Sponsor may earn a positive rate of return even if the share price of the combined company after the closing of the business combination falls below the price initially paid for the units in the IPO and the public stockholders experience a negative rate of return following the closing of the business combination; •the fact that the Sponsor and directors and executive officers currently hold 351,250 Private Placement Units that were purchased at a price of $10 per Private Placement Unit, or an aggregate value of $3,512,500, and that have no redemption rights upon the Company’s liquidation and will be worthless if no business combination is effected; and •the fact that the Sponsor has agreed not to redeem any of the Founder Shares in connection with a stockholder vote to approve