Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 15

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 15
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 be declared effective
or that the Business Combination will be completed.

8

Extension of the Deadline to Complete an Initial
Business Combination

Pursuant to the terms of our Amended and Restated Certificate of Incorporation
and the Investment Management Trust Agreement between the Company and Continental Stock Transfer & Trust Company, LLC (“Continental”),
the Company may elect to extend the time available to consummate its initial business combination, provided that its sponsor or its affiliates
or designees must, upon ten days advance notice prior to the applicable deadline, deposit $575,000 into the Trust Account ($0.10 per share)
on or prior to the date of the applicable deadline, for each three month extension (or up to an aggregate of $1,725,000, or $0.30 per
share if we extend for the full nine months) ten days advance notice prior to the applicable deadline.

On March 14, 2023, the Company announced that it had extended the period
of time by which it may complete an initial business combination by an additional three months (the “Extension”). In accordance
with its amended and restated certificate of incorporation, a deposit of $575,000 was made into the Trust Account established at the time
of the Company’s initial public offering for the benefit of the public stockholders. Pursuant to the Extension, the new deadline
for completion of an initial business combination was extended to June 21, 2023.

On June 20, 2023, the Company announced that it had extended the period
of time by which it may complete an initial business combination by an additional three months (the “Second Extension”). In
accordance with its amended and restated certificate of incorporation, on June 14, 2023, a deposit of $575,000 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 Second Extension, the new deadline for completion of an initial business combination was September 21, 2023.

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