Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 1201

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 9
Chunk 1201
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 Business Combination. However, if
the Company anticipates that it may not be able to consummate its initial Business Combination within 12 months, the Company may extend
the period of time to consummate a Business Combination up to three times, each by an additional three months (for a total of up to 21
months to complete a Business Combination). Pursuant to the terms of the Company’s amended and restated certificate of incorporation
and the trust agreement to be entered into between the Company and the trustee, in order to extend the time available for the Company
to consummate its initial Business Combination, its sponsor or its affiliates or designees, upon ten days advance notice prior to the
applicable deadline, must deposit into the Trust Account $575,000 ($0.10 per share) on or prior to the date of the applicable deadline,
for each three month extension (or up to an aggregate of $1,725,000, or $0.30 per share if the Company extends for the full nine months).
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, each such extension
for an additional one month period, from September 21, 2023 to June 21, 2024, and must deposit into the Trust Account in the sum of $100,000
for each one month extended. On June 18, 2024, the Company’s stockholders approved a second 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 twelve
(12) times, each such extension for an additional one month period, from June 21, 2024 to June 21, 2025, and must deposit into the Trust
Account in the sum of $50,000 for each one month extended. Any such payments would be made in the form of a loan. Any such loans will
be non-interest bearing and payable upon the consummation of its initial Business Combination. If the Company completes its initial Business
Combination, the Company would either repay such loaned amounts out of the proceeds of the Trust Account released to the Company, or
up to $1,725,000 of such loans may be convertible into private units at a price of $10.