Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 32

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 32
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 OTC Markets on June 13, 2025 of $0.09. •the fact that Sponsor, officers, advisors and directors of Goldenstone have agreed to waive their rights to liquidating distributions from the Trust Account with respect to any founder shares it holds if SPAC fails to consummate an initial business combination by June21, 2025 or, if such period is extended, within such extended period (although they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if Goldenstone fails to complete its initial business combination within the prescribed time frame) and therefore, such securities will be worthless if the initial business combination is not consummated by such deadline; •the fact that the Sponsor and the Initial Stockholders have agreed to vote their shares of Common Stock in favor of the Business Combination Agreement and the Business Combination; •the fact that the Sponsor and the Initial Stockholder have agreed to (i) not transfer the shares of Common Stock beneficially owned by them prior to the Closing, (ii) certain lock -upprovisions with respect to their shares of Common Stock for twelve months following the Closing, and (iii) waive and not otherwise perfect any anti -dilutionor similar protection with respect to any shares of Common Stock beneficially owned by them; •the fact that the Sponsor and the other Initial Stockholders will receive material benefits from the completion of an initial business combination and may be incentivized to complete the Business Combination rather than liquidate (in which case the Sponsor and the other Initial Stockholders would lose their entire investment); •the fact that Goldenstone’s officers and directors are not required to, and will not, commit their full time to Goldenstone’s affairs, which may result in a conflict of interest in allocating their time between Goldenstone’s operations and the proposed Business Combination and their other businesses, on the other hand. In addition, certain of Goldenstone’s officers and directors presently have, and any of them in the future may have additional, fiduciary and contractual duties to other entities, and therefore could have conflicts of interest in determining whether to present such business combination opportunity to such entity, subject to their fiduciary duties under Delaware law. Goldenstone does not believe that duties have had any material impact on the identification of companies that may be appropriate acquisition targets; xii •the fact that the $2,976,966 principal balance as of March 31, 2025 under the Sponsor Notes will only be repaid if an initial business combination is consum