Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 109

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 109
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 will be entitled to registration rights pursuant to an agreement prior to or on the date
of Initial Public Offering. The holders of the majority of the Insider Shares can elect to exercise these registration rights at any
time commencing three months prior to the date on which these shares of common stock are to be released from escrow. The holders of a
majority of the Private Units (and underlying securities) and securities issued in payment of Working Capital Loans (or underlying securities)
or loans to extend our life can elect to exercise these registration rights at any time after the Company consummates a Business Combination.
In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent
to the consummation of a Business Combination. The Company will bear the expenses incurred in connection with the filing of any such
registration statements.

Underwriters
Agreement

The
underwriters will be entitled to a deferred fee of 3.5% of the gross proceeds of the Initial Public Offering, or $2,012,500 until the
closing of the Business Combination. The deferred fee can be paid in cash, stock or a combination of both (at the underwriter’s
discretion). Any stock issued as a part of the deferred fee will be issued to the underwriters at the value per share in the Company’s
Trust Account, subject to any additional increases in the amount in trust per the Company’s trust extensions. Stock to be issued
to the underwriters will have unlimited piggyback registration rights and the same rights afforded other holders of the Company’s
common stock.

The
underwriters have agreed to waive their rights to the deferred underwriting commission of 3.5% of the gross proceeds of the Initial Public
Offering, or $2,012,500, held in the Trust Account in the event the Company does not complete a Business Combination within the Combination
Period.

F-19

Unit
Purchase Option

The
Company also sold to Maxim for $100 a Unit Purchase Option (“UPO”) to purchase 270,250 Units exercisable at $11.00 per Unit,
an aggregate exercise price of $2,972,750, commencing on the later of the first anniversary the effective date of the registration statement
related to the Initial Public Offering and the consummation of a Business Combination. The unit purchase option may be exercised for
cash or on a cashless basis, at the holder’s option, and expires five years from the effective date of the registration statement