Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 525

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 3
Chunk 525
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 notes. The notes would either be paid upon consummation of our initial business combination, without
interest, or, at the lender’s discretion, up to $600,000 of the notes may be converted upon consummation of our business combination
into private units at a price of $10.00 per unit.

We
had until 12 months from the closing of the Initial Public Offering to consummate an initial Business Combination. However, if we anticipate
that it may not be able to consummate our initial Business Combination within 12 months, we 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 our amended and restated certificate of incorporation and the trust agreement to be entered into between us
and the trustee, in order to extend the time available for us to consummate our initial Business Combination, our 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, our stockholders approved the amendment to our Amended
and Restated Certificate of Incorporation to extend the date by which we have 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