Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 338

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 338
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 activities and is inactive. The Company has selected March 31 as its fiscal year end. As of December 31, 2024 and March 31, 2024, the Company had not commenced any operations. For the period from September 9, 2020 (inception) to December 31, 2024, the Company’s efforts have been limited to organizational activities as well as activities related to the Initial Public Offering (as defined below) and to consummate a Business Combination. The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate non -operatingincome in the form of interest income from the proceeds derived from the Initial Public Offering. On March 21, 2022, the Company closed its initial public offering of 5,750,000units, which includes the full exercise of the underwriters’ over -allotmentoption. The units were sold at a price of $ 10.00per unit, resulting in total gross proceeds of $ 57,500,000. Each unit consists of oneshare of common stock, oneredeemable warrant and oneright to receive one -tenth(1/10) of one share of common stock. Each redeemable warrant entitles the holder thereof to purchase one -half(1/2) of oneshare of common stock, and each ten (10) rights entitle the holder thereof to receive one share of common stock at the closing of a Business Combination. The exercise price of the warrants is $ 11.50per full share. Simultaneously with the closing of the Initial Public Offering, the Company completed the private sale of 351,250units (the “Private Units”) to the Sponsor as defined below, Ray Chen, our former Chief Financial Officer, and Yongsheng Liu, our former Chief Operating Officer, each through their respective affiliated entities. Each Private Unit consists of oneshare of common stock, onewarrant (“Private Warrant”) and oneright (each, a “Private Right”). Each Private Warrant entitles the holder to purchase one -halfof one share of common stock at an exercise price of $ 11.50per whole share. Each Private Right entitles the holder to receive one -tenthof one share of common stock at the closing of a Business Combination. The Private Units were sold at a purchase price of $ 10.00per Private Unit, generating gross proceeds to the Company of