Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 20

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 20
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 combination transaction.
For example, we could pursue a transaction in which we issue a substantial number of new shares in exchange for all of the outstanding
capital stock of a target. In this case, we would acquire a 100% controlling interest in the target. However, as a result of the issuance
of a substantial number of new shares, our stockholders immediately prior to our initial business combination could own less than a majority
of our outstanding shares subsequent to our initial business combination. If less than 100% of the equity interests or assets of a target
business or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned
or acquired is what will be valued for purposes of the 80% of net assets test. If our initial business combination involves more than
one target business, the 80% of net assets test will be based on the aggregate value of all of the target businesses.

We
have registered our securities under Section 12 of the Exchange Act. As a result, we are subject to the rules and regulations promulgated
under the Exchange Act. We have no current intention of filing a Form 15 to suspend our reporting or other obligations under the Exchange
Act prior or subsequent to the consummation of our initial business combination.

Permission
Required from the PRC Authorities for a Business Combination and Relevant PRC Regulations

We
are a blank check company incorporated in Delaware with no operations or subsidiaries in China. We are not a PRC operating entity and
currently do not own or control any equity interest in any PRC company or operate any business in China. The China Securities Regulatory
Commission (the “CSRC”) has not issued any definitive rule or interpretation concerning whether listing of our securities
are subject to the Regulations on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors (the “M&A Rules”),
and we believe that we are not required to obtain any licenses or approvals, under applicable PRC laws and regulations, for our listing
on Nasdaq and seeking a target for the initial business combination. Further, according to the Measures for Cybersecurity Review, which
was promulgated on December 28, 2021 and became effective on February 15, 2022, online platform operators holding more than one million
users/users’ individual information shall be subject to cybersecurity review before listing abroad. As we are a blank check company
and are not involved in the collection of personal data of at least 1 million users or