Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 105

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 105
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 will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,”
as described in the warrant agreement. In such event, each holder would pay the exercise price by surrendering the whole warrants for
that number of shares of common stock equal to the quotient obtained by dividing (x) the product of the number of shares of common stock
underlying the warrants, multiplied by the difference between the exercise price of the warrants and the “fair market value”
(defined below) by (y) the fair market value. The “fair market value” shall mean the average reported last sale price of the
common stock for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the
holders of warrants.

Except as described above, no warrants will be exercisable and the
Company will not be obligated to issue common stock unless at the time a holder seeks to exercise such warrant, a prospectus relating
to the common stock issuable upon exercise of the warrants is current and the common stock has been registered or qualified or deemed
to be exempt under the securities laws of the state of residence of the holder of the warrants. Under the terms of the warrant agreement,
the Company has agreed to use its best efforts to meet these conditions and to maintain a current prospectus relating to the common stock
issuable upon exercise of the warrants until the expiration of the warrants. However, the Company cannot assure that it will be able to
do so and, if the Company does not maintain a current prospectus relating to the common stock issuable upon exercise of the warrants,
holders will be unable to exercise their warrants and the Company will not be required to settle any such warrant exercise. If the prospectus
relating to the common stock issuable upon the exercise of the warrants is not current or if the common stock is not qualified or exempt
from qualification in the jurisdictions in which the holders of the warrants reside, the Company will not be required to net cash settle
or cash settle the warrant exercise, the warrants may have no value, the market for the warrants may be limited and the warrants may expire
worthless.

The private warrants have terms and provisions
that are identical to those of the warrants being sold as part of the units in the Initial Public Offering except that the private warrants
will be entitled to registration rights. The private warrants (including the common stock issuable upon exercise of the private warrants)
will not be transfer