Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 64

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 64
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 Company declared a 20% stock dividend on each outstanding share.
This resolution was subsequently rescinded and no additional shares were issued.

Our
sponsor purchased from us an aggregate of 325,000 private units at $10.00 per private unit (for a total purchase price of $3,250,000).
These purchases will take place on a private placement basis simultaneously with the consummation of this offering. All of the proceeds
we receive from these purchases will be placed in the Trust Account described below. Our sponsor has also agreed that if the over-allotment
option is exercised by the underwriters, they will purchase from us at a price of $10.00 per private unit an additional number of private
units (up to a maximum of 26,250 private units) pro rata with the amount of the over-allotment option exercised so that at least
$10.15 per share sold to the public in this offering is held in trust regardless of whether the over-allotment option is exercised in
full or part. These additional private units will be purchased in a private placement that will occur simultaneously with the purchase
of units resulting from the exercise of the over-allotment option. The private units are identical to the units sold in this offering
except as otherwise described in this Form 10-K. The purchasers have agreed not to transfer, assign or sell any of the private units
or the underlying securities (except to the same permitted transferees as the insider shares) until the completion of our initial business
combination.

34

If
any of our officers or directors becomes aware of an initial business combination opportunity that falls within the line of business
of any entity to which he or she has then-current fiduciary or contractual obligations, he or she will honor his or her fiduciary or
contractual obligations to present such business combination opportunity to such other entity. Our officers and directors currently have
certain relevant fiduciary duties or contractual obligations that may take priority over their duties to us.

We
are obligated, commencing on the closing date of the offering and for 12 months, to pay our sponsor’s affiliate and officers, a
total monthly fee of $25,000. The payment is for general and administrative services including office space, utilities, secretarial support
and officers’ services to us. Specifically, $2,000 will be paid to our sponsor’s affiliate, Windfall Plaza Management, LLC,
for the office space, utilities, and secretarial support;