Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 99

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 99
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 our securities, the federal statute does allow the states to investigate companies if there is a suspicion of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities in a particular case. While we are not aware of a state having used these powers to prohibit or restrict the sale of securities issued by blank check companies, other than the State of Idaho, certain state securities regulators view blank check companies unfavorably and might use these powers, or threaten to use these powers, to hinder the sale of securities of blank check companies in their states. Further, we could be subject to regulation in each state in which we offer our securities. Goldenstone will be forced to liquidate the Trust Account if it cannot consummate an initial business combination by June 21, 2025 unless a further extension is approved by its stockholders. In the event of a liquidation, Goldenstone’s Public Stockholders will receive approximately $11.78 per Public Share and the Warrant and the Right included in each Unit will expire worthless. If Goldenstone is unable to complete a business combination by June 21, 2025, and is forced to liquidate, the per -shareliquidation distribution will be approximately $11.78 based on the trust balance as of December31, 2024. Furthermore, any Warrants and Rights will expire worthless. 39 As the Sponsor has agreed to vote in favor of the Business Combination and the other proposals presented at the Special Meeting, regardless of how the holders of the Public Shares vote, and the Business Combination is not conditioned on the separate approval of a majority of the unaffiliated stockholders, the Business Combination may be approved even if none of the holders of Public Shares vote in favor of it. Unlike some other blank check companies in which the initial stockholders agree to vote their shares in accordance with the majority of the votes cast by the public stockholders in connection with an initial business combination, the Sponsor has agreed, among other things, to vote in favor of the proposals presented at the Goldenstone Special Meeting. Additionally, the Business Combination is not conditioned on the separate approval of a majority of Goldenstone’s Public Stockholders. Accordingly, none of the proposals presented at the Goldenstone Special Meeting is conditioned on the approval by the holders of a majority of the Goldenstone Common Stock held by stockholders other than the Sponsor or its affiliates. As of the record date for the Goldenstone Special Meeting, the Sponsor owned approximately ___% of the issued and outstanding shares of