Company: GDSTR
Filing Date: 2025-04-24
Form Type: S-4/A
Source: 0001213900-25-034782
Chunk: 184

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-04-24
Form: S-4/A
Chunk 184
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 Code or as a corporate distribution under Section 301 of the Code generally will correspond to the U.S. federal income tax characterization of such a redemption of a U.S. Holder’s Goldenstone Public Shares, as described above, and the corresponding consequences will be as described below. Redemption Treated as Sale or Exchange Any gain realized by a Non -U.S. Holder on the redemption of Goldenstone Public Shares that is treated as a sale or exchange under Section 302 of the Code generally will not be subject to U.S. federal income tax unless: •the gain is effectively connected with a trade or business of the Non -U.S. Holder in the United States (and, if required by an applicable income tax treaty, is attributable to a United States permanent establishment or fixed base of the Non -U.S. Holder); •the Non -U.S. Holder is an individual who is present in the United States for a period or periods aggregating 183 days or more in the taxable year of the disposition, and certain other conditions are met; or •we are or have been a “United States real property holding corporation” for U.S. federal income tax purposes at any time during the shorter of the five -yearperiod ending on the date of disposition or the Non -U.S. Holder’s holding period for such Goldenstone Public Shares redeemed, and either (A) shares of Goldenstone Public Shares are not considered to be regularly traded on an established securities market or (B) such Non -U.S. Holder has owned or is deemed to have owned, at any time during the shorter of the five -yearperiod preceding such disposition and such Non -U.S. Holder’s holding period more than 5% of the outstanding shares of Goldenstone Public Shares. There can be no assurance that shares of Goldenstone Public Shares will be treated as regularly traded on an established securities market for this purpose. A non -corporateNon -U.S. Holder described in the first bullet point immediately above will be subject to tax on the net gain derived from the sale under regular graduated U.S. federal income tax rates. An individual Non -U.S. Holder described in the second bullet point immediately above will be subject to a flat 30% tax on the gain derived from the sale, which may be offset by certain United States source capital losses, even though the individual is not considered a resident of the United States, provided that the individual has timely filed U.S. federal income tax returns with respect to such losses. If a Non -U.S.