Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 108

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 108
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 in the Initial Public Offering and their
bona fide officers or partners. The option grants to holders demand and “piggy back” rights for periods of five and seven
years, respectively, from the effective date of the registration statement with respect to the registration under the Securities Act of
the securities directly and indirectly issuable upon exercise of the option. The Company will bear all fees and expenses attendant to
registering the securities, other than underwriting commissions which will be paid for by the holders themselves. The exercise price and
number of units issuable upon exercise of the option may be adjusted in certain circumstances including in the event of a stock dividend,
or the Company’s recapitalization, reorganization, merger or consolidation. However, the option will not be adjusted for issuances
of common stock at a price below its exercise price.

NOTE 8 — STOCKHOLDERS’ DEFICIT

Common Stock

The Company is authorized to issue up to 15,000,000
shares of common stock, par value $0.0001 per share. As of September 30, 2025 and March 31, 2025, there were 1,846,250 shares of common
stock issued and outstanding, respectively, which does not include common stock subject to possible redemption.

Rights

As of September 30, 2025 and March 31, 2025, there
were 5,750,000 Public Rights and 351,250 Private Rights outstanding.  Except in cases where the Company is not
the surviving company in a Business Combination, each holder of a right will automatically receive one-tenth (1/10) of one share of common
stock upon consummation of its initial Business Combination. In the event the Company will not be the surviving company upon completion
of its initial Business Combination, each holder of a right will be required to affirmatively convert his, her or its rights in order
to receive the one-tenth (1/10) of a share underlying each right upon consummation of the Business Combination. The Company will not issue
fractional shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or
otherwise addressed in accordance with the applicable provisions of the Delaware law. As a result, the holder must hold rights in multiples
of 10 in order to receive shares for all of their rights upon closing of a Business Combination. If the Company is unable to complete
an initial