Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 45

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 45
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 of $3,512,500. Each Private Placement Unit consists of one share of our common stock, one redeemable warrant to purchase
one-half of one share of our common stock at a price of $11.50 per whole share and one right. Each right entitles the holder thereof to
receive one-tenth (1/10) of one share of our common stock upon the consummation of our Business Combination. Our management has broad
discretion with respect to the specific application of the net proceeds of the IPO and the Private Placement Units, although substantially
all of the net proceeds are intended to be generally applied toward consummating our Business Combination.

Upon the closing of the initial public offering on March 21, 2022,
a total of $58,362,500, or $10.15 per share of the net proceeds from the IPO, the Over-Allotment and the Private Placement were deposited
in a Trust Account established for the benefit of our public stockholders.

If we have not completed our initial business
combination by February 21, 2025 (or by June 21, 2025, if so extended), we will: (i) cease all operations except for the purpose of winding
up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of
taxes payable, and less up to $50,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares,
which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further
liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of our remaining stockholders and our board of directors, dissolve and liquidate, subject in each case to our
obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law.

We cannot assure you that our plans to complete
our initial business combination will be successful.

23

Termination of Roxe Merger Agreement

On June 21, 2022, we entered into a Merger Agreement
(the “Merger Agreement”) by and among Roxe Holding Inc., a Delaware corporation (the “Roxe”), the Registrant,
Goldenstone Merger