Company: GDSTR
Filing Date: 2025-08-20
Form Type: 10-Q
Source: 0001213900-25-078650
Chunk: 149

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-20
Form: 10-Q
Item: Item 2
Chunk 149
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0.30 per share if the Company extends for the full nine
months). On September 21, 2023, our stockholders approved the amendment to our Amended and Restated Certificate of Incorporation to
extend the date by which we have to consummate a business combination up to nine (9) times, each such extension for an additional
one month period, from September 21, 2023 to June 21, 2024, and must deposit into the Trust Account in the sum of $100,000 for each
one month extended. On June 18, 2024, the Company’s stockholders approved a second 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
twelve (12) times, each such extension for an additional one month period, from June 21, 2024 to June 21, 2025, and must deposit
into the Trust Account in the sum of $50,000 for each one month extended. Any such payments would be made in the form of a loan. On
June 18, 2025, the Company’s stockholders approved the amendment to the Company’s Amended and Restated Certificate of
Incorporation, as previously amended on September 21, 2023 and June 18, 2024, to extend the date by which the Company has to
consummate a business combination up to twelve (12) times, each such extension for an additional one (1) month period,
from June 21, 2025 to June 21, 2026, and must deposit into the trust account in the sum of $50,000 for each one month
extended. Any such loans will be non-interest bearing and payable upon the consummation of our initial Business Combination. If we
complete our initial Business Combination, we would either repay such loaned amounts out of the proceeds of the Trust Account
released to us, or up to $1,725,000 of such loans may be convertible into private units at a price of $10.00 per unit at the option
of the lender.   The Sponsor has informed Goldenstone that it does not anticipate converting any of the loans into private
units.

As of June 30, 2025 and March
31, 2024, we had $3,301,966 and $2,976,9660, respectively