Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 12

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 12
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 the right to receive cash from the Trust Account in connection with a stockholder vote to approve
a Business Combination (or sell any shares in a tender offer in connection with a Business Combination) or a vote to amend the provisions
of the Amended and Restated Certificate of Incorporation relating to stockholders’ rights of pre-Business Combination activity and
(d) that the Insider Shares and Private Units (including underlying securities) shall not participate in any liquidating distributions
upon winding up if a Business Combination is not consummated. However, the initial stockholders will be entitled to liquidating distributions
from the Trust Account with respect to any Public Shares purchased during or after the Initial Public Offering if the Company fails to
complete its Business Combination.

The Company initially had until 12 months from
the closing of the Initial Public Offering (until March 21, 2023) and further provided that the Company could extend the Business Combination
Period for up to 9 additional months in three-month increments provided that the Company deposited into trust $575,000 for each three-month
extension. On September 21, 2023, the Charter and the Trust Agreement were amended to extend the date by which the Company has to consummate
a business combination up to nine (9) times, each such extension for an additional one (1) month period, from September 21, 2023 to June
21, 2024, provided that the Company deposited into the trust the sum of $100,000 for each one month extension. On June 18, 2024, the Charter
and the Trust Agreement were further amended to (i) extend the date by which Company has to consummate a business combination to June
21, 2025 provided that the Company deposits a sum of $50,000 for each one month extended (for a total of up to 39 months to complete a
Business Combination) (the “Combination Period”) and (ii) remove the requirement for the Company to have at least $5,000,001
in net tangible assets upon completion of a Business Combination. On June 18, 2025, the Charter and the Trust Agreement were amended to
extend the date by which the Company has to consummate a business combination up to twelve (12) times, each such extension for an additional
one (1) month period, from June 21, 2025 to June 21, 2026, provided that the Company deposited into the trust the sum of $