Company: GDSTR
Filing Date: 2025-04-24
Form Type: S-4/A
Source: 0001213900-25-034782
Chunk: 365

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-04-24
Form: S-4/A
Chunk 365
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 connection with the closing of the Company’s initial Business Combination at an issue price or effective issue price of less than $ 9.20per share (with such issue price or effective issue price to be determined in good faith by our board of directors), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business Combination, and (z) the volume weighted average trading price of the Company’s common stock during the 20trading day period F-47 GOLDENSTONE ACQUISITION LIMITED
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2024 NOTE 8 — STOCKHOLDERS’ (DEFICIT) EQUITY (cont.) starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Price”) is below $ 9.20per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the Market Price, and the $ 16.50per share redemption trigger price described below will be adjusted (to the nearest cent) to be equal to 165% of the Market Price. The Company may redeem the outstanding warrants: •in whole and not in part; •at a price of $ 0.01per warrant; •upon a minimum of 30 days’ prior written notice of redemption, which the Company refers to as the 30 -dayredemption period; and •if, and only if, the last reported sale price of the Company’s common stock equals or exceeds $ 16.50per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20trading days within a 30 -tradingday period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. In such event, each holder would pay the exercise price by surrendering the whole warrants for that number of shares of common stock equal to the quotient obtained by dividing (x) the product of the number of shares of common stock