Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 48

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 48
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the Second Extension, the new deadline for completion of an initial business combination was September 21, 2023.

24

On September 21, 2023, the Company’s stockholders approved the
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 nine (9) times (the “Third Extension”), each such extension for an additional one (1) month period
(each an “Extension”), from September 21, 2023 to June 21, 2024 (such date actually extended being referred to as the “Extended
Termination Date”). The Company’s stockholders also approved an amendment to the Investment Management Trust Agreement, dated
March 16, 2022 by and between the Company and Continental Stock Transfer & Trust Company, to provide that the time for the Company
to complete its initial business combination (the “Business Combination Period”) under the Trust Agreement from September
21, 2023 to June 21, 2024 (the “Trust Amendment”) provided that the Company deposits into the Trust Account established in
connection with the Company’s initial public offering (the “Trust Account”) the sum of $100,000 for each one month extended.
In addition, the Company’s stockholders approved an amendment (the “NTA Amendment”) to Article Sixth, Paragraph D of
the Charter to modify the net tangible asset requirement (the “NTA Requirement”) to state that the Company will not consummate
any business combination unless it (i) has net tangible assets of at least $5,000,001 upon consummation of such business combination,
or (ii) is otherwise exempt from the provisions of Rule 419 promulgated under the Securities Act of 1933, as amended (the “Securities
Act”). As a result, from September 2023 through May 2024, a total of nine deposits of $100,000 was made into to the Trust Account
established at the time of the Company’s initial public offering for the benefit of the public stockholders. Pursuant to the Third
Extension, the new deadline for completion of an initial business combination was June 21, 2024, the ninth additional months of the Third
Extension.

In connection with the votes to approve the Company’s
Amended and Restated Certificate of Incorporation, 758,539 shares of Common Stock of the Company were rendered for redemption
in October