Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 727

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 5
Chunk 727
---
 Account with respect to any public shares they hold. If we do not complete our initial business combination within such
    applicable time period, the proceeds of the sale of the private placement units will be used to fund the redemption of our public
    shares, and the private placement units will expire worthless. With certain limited exceptions, the founder shares will not be transferable,
    assignable or salable by our initial stockholders until the earlier of (1) one year after the completion of our initial business
    combination and (2) the date on which we consummate a liquidation, merger, capital stock exchange, reorganization, or other similar
    transaction after our initial business combination that results in all of our stockholders having the right to exchange their shares
    of common stock for cash, securities or other property. Notwithstanding the foregoing, if the last sale price of our common stock
    equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like)
    for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination, the
    founder shares will be released from the lock-up. With certain limited exceptions, the private placement units and the securities
    underlying such units will not be transferable, assignable or salable by our initial stockholders until 30 days after the completion
    of our initial business combination. Since our initial stockholders and officers and directors may directly or indirectly own common
    stock and warrants following the IPO, our officers and directors may have a conflict of interest in determining whether a particular
    target business is an appropriate business with which to effectuate our initial business combination.

    ●
    Our officers and directors
    may have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation of any
    such officers and directors was included by a target business as a condition to any agreement with respect to our initial business
    combination.

    ●
    Our initial stockholders,
    officers or directors may have a conflict of interest with respect to evaluating a business combination and financing arrangements
    as we may obtain loans from our initial stockholders or an affiliate of our initial stockholders or any of our officers or directors
    to finance transaction costs in connection with an intended initial business combination. Up to $1,500,000 of such loans may be,
    at the option of the lender, convertible into placement units