Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 427

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 2
Chunk 427
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 the Company’s initial public
offering for the benefit of the public stockholders. Pursuant to the Second Extension, the new deadline for completion of an initial
business combination was September 21, 2023.

On
September 21, 2023, the Company’s stockholders approved the amendment to the Company’s Amended and Restated Certificate of
Incorporation to extend the date by which the Company has to consummate a business combination up to nine (9) times (the “Third
Extension”), each such extension for an additional one (1) month period (each an “Extension”), from September 21, 2023
to June 21, 2024 (such date actually extended being referred to as the “Extended Termination Date”). The Company’s
stockholders also approved an amendment to the Investment Management Trust Agreement, dated March 16, 2022 by and between the Company
and Continental Stock Transfer & Trust Company, to provide that the time for the Company to complete its initial business combination
(the “Business Combination Period”) under the Trust Agreement from September 21, 2023 to June 21, 2024 (the “Trust
Amendment”) provided that the Company deposits into the Trust Account established in connection with the Company’s initial
public offering (the “Trust Account”) the sum of $100,000 for each one month extended. In addition, the Company’s stockholders
approved an amendment (the “NTA Amendment”) to Article Sixth, Paragraph D of the Charter to modify the net tangible asset
requirement (the “NTA Requirement”) to state that the Company will not consummate any business combination unless it (i)
has net tangible assets of at least $5,000,001 upon consummation of such business combination, or (ii) is otherwise exempt from the provisions
of Rule 419 promulgated under the Securities Act of 1933, as amended (the “Securities Act”). As a result, from September
2023 through May 2024, a total of nine deposits of $100,000 was made into to the Trust Account established at the time of the Company’s
initial public offering for the benefit of the public stockholders. Pursuant to the Third Extension, the new deadline for completion
of an initial business combination was June 21, 2024, the ninth additional months of the Third Extension.

In
connection with the votes to approve the Company’s Amended and Restated Certificate of Incorpor