Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 192

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 192
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 subject to the branch profits tax equal to 30% (or such lower rate as may be specified by an applicable income tax treaty) of its effectively connected earnings and profits, subject to adjustments. If the last bullet point immediately above applies to a Non -U.S. Holder, gain recognized by such Non -U.S. Holder on the redemption of Goldenstone Public Shares generally will be subject to tax at generally applicable U.S. federal income tax rates. In addition, we may be required to withhold U.S. income tax at a rate of 15% of the amount realized upon such redemption. We would generally be classified as a “U.S. real property holding corporation” if the fair market value of our “United States real property interests” equals or exceeds 50% of the sum of the fair market value of our worldwide real property interests and our other assets used or held for use in a trade or business, as determined 97 for U.S. federal income tax purposes. However, we believe that we are not and have not been at any time since our formation a U.S. real property holding corporation and we do not expect to be a U.S. real property holding corporation immediately after the Business Combination is completed. Redemption Treated as Corporate Distribution With respect to any redemption treated as a corporate distribution under Section 301 of the Code, provided such dividends are not effectively connected with the Non -U.S. Holder’s conduct of a trade or business within the United States, Goldenstone will be required to withhold U.S. tax from the gross amount of the dividend at a rate of 30%, unless such Non -U.S. Holder is eligible for a reduced rate of withholding tax under an applicable income tax treaty and provides proper certification of its eligibility for such reduced rate (usually on an IRS Form W -8BENor W -8BEN-E). Any distribution not constituting a dividend will be treated first as reducing (but not below zero) the Non -U.S. Holder’s adjusted tax basis in its shares of the Goldenstone Public Shares and, to the extent such distribution exceeds the Non -U.S. Holder’s adjusted tax basis, as gain realized from the sale or other disposition of the Common Stock, which will be treated as described above. This withholding tax does not apply to dividends paid to a Non -U.S. Holder who provides a Form W -8ECI, certifying that the dividends are effectively connected with the Non -U.S. Holder’s conduct of a trade or business within the United States.