Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 100

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 100
---
’s Rules. The lock-up period has expired.

NOTE 7 — COMMITMENTS & CONTINGENCIES

Risks and Uncertainties

As a result of the military action commenced in February 2022 by the
Russian Federation and Belarus in the country of Ukraine and related economic sanctions, and conflict between Isreal and Hamas, the Company’s
ability to consummate a Business Combination, or the operations of a target business with which the Company ultimately consummates a Business
Combination, may be materially and adversely affected. In addition, the Company’s ability to consummate a transaction may be dependent
on the ability to raise equity and debt financing which may be impacted by these events, including as a result of increased market volatility,
or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of this
action and related sanctions on the world economy and the specific impact on the Company’s financial position, results of operations
and/or ability to consummate a Business Combination are not yet determinable. The unaudited condensed consolidated financial statements
do not include any adjustments that might result from the outcome of this uncertainty.

Registration Rights

The holders of the Insider Shares issued and outstanding on the date
of this filing, as well as the holders of the Private Units (and all underlying securities) and any securities our initial stockholders,
officers, directors or their affiliates may be issued in payment of working capital loans made to the Company, will be entitled to registration
rights pursuant to an agreement prior to or on the date of Initial Public Offering. The holders of the majority of the Insider Shares
can elect to exercise these registration rights at any time commencing three months prior to the date on which these shares of common
stock are to be released from escrow. The holders of a majority of the Private Units (and underlying securities) and securities issued
in payment of Working Capital Loans (or underlying securities) or loans to extend our life can elect to exercise these registration rights
at any time after the Company consummates a Business Combination. In addition, the holders have certain “piggy-back” registration
rights with respect to registration statements filed subsequent to the consummation of a Business Combination. The Company will bear the
expenses incurred in connection with the filing of any such registration statements.

18

Underwriters Agreement

The underwriters will be entitled to a deferred
fee of 3.5% of the gross proceeds of the Initial Public Offering, or $2,012,500 until the