Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 144

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 144
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 Eddie Ni initiated the termination process, with board consent granted on September 16, 2022. Subsequently, on September 30, 2022, we entered into a Joint Agreement to Terminate Merger Agreement (the “Termination Agreement”) with Roxe, pursuant to which (i) the Parties mutually agreed to terminate the Merger Agreement. The termination was by mutual agreement of the Company and Roxe pursuant to Section 10.1(c) of the Merger Agreement, and no termination fee or other payment is due to either party from the other as a result of the termination. Subsequent to the termination of the agreement with Roxe, Goldenstone entered into non -bindingLOIs with 4 parties. On December 23, 2022, Goldenstone signed an LOI with a target company in the lithium battery industry (“Company A”). The Parties were introduced through a financial advisory who had a relationship with the President of Company A. Goldenstone conducted in -depthmanagement meetings and site visits along with financial and industry due diligence on Company A. Company A’s capital plan required a significant amount of capital to be raised for asset acquisitions and operational viability post business combination. The amount of capital added both transactional risk as well as long term operational risk for Goldenstone. Due to information obtained during due diligence, Goldenstone decided not to pursue the Company A opportunity. On February 21, 2023, Goldenstone signed an LOI with a target company in the auto industry (“Company B”) The Parties were introduced through an investment banker who had a relationship with the President of Company B Company B paid a deposit of $125,000 out of the $200,000 it agreed to pay towards deal -relatedexpenses. Company B never paid the remaining balance and did not follow through with the proposal. Due to the lack of structure in Company B, Goldenstone decided not to pursue the Company B opportunity. On October 10, 2023, Goldenstone signed an NDA with a target company in the robotic industry (“Company D”) The Parties were introduced by an investment banker who had a relationship with the CEO of Company D After Mr. Ni visited the company and studied the functionality of the robots, he realized the robots did not function as smooth as expected. There was also a delay in their audit. Due to information obtained during due diligence, Goldenstone decided not to pursue the Company D opportunity. Prior to executing the NDA with Company D, on September 21, 2023, Goldenstone held a special