Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 367

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 367
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 Company is authorized to issue an aggregate of 145,000,000 shares of common stock; the authorized capital is divided into: (i) 120,000,000 shares of Class A common stock having a par value of $0.0001 per share to be issued to investors and (ii) 25,000,000 shares of Class B common stock having a par value of $0.0001 to be issued in connection with the Plan. The Company has not issued any preferred shares. In January 2024, in exchange for the conversion of debt of $710,000 (including interest payable of $110,000), the Company issued 881,209 common shares at a fair value of $0.8057 per share for a total value of $710,000 to a related party debt holder. In January 2024, in exchange for the conversion of debt of $500,000, the Company issued 620,570 common shares at a fair value of $0.8057 per share for a total value of $500,000 to a related party debt holder. Warrants On January 15, 2025 (the “Issue Date”), the Company issued a warrant (the “Warrant”) to purchase up to 34,464,079 Class B Non -VotingCommon Stock shares in the Company (the “Warrant Shares”) at an exercise price of $0.65285 per Warrant Share as a sales incentive because the majority of the vesting conditions of the Warrant are based on the payment from the Warrant holder (or the Company’s customer) in connection with the Company’s sales transactions. The Warrant expires ten years from the Issue Date and the Warrant holder may exercise on either a cash or net exercise basis. The Warrant holder has agreed that it will not become a 10% or greater shareholder in the Company. 6,892,816 Warrant Shares vested and became immediately exercisable on the Issue Date. The remainder of Warrant shares vest based on payments received from the Warrant holder to the Company, up to a maximum of $225 million in payments. 275,713 Warrant Shares will vest and become immediately exercisable upon each incremental $2,250,000 in Payments from July 1, 2024 until such time as the cumulative total amount of Payments equals $225,000,000, except that the last $2,250,000 in Payments shall vest only 275,676 Warrant Shares. The Warrant and