Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 39

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 39
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 Warrants and 351,250 Private Warrants outstanding.  Each redeemable warrant entitles the
holder thereof to purchase one-half (1/2) of one share of common stock at a price of $11.50 per full share, subject to adjustment as
described in this prospectus. The warrants will become exercisable on the later of the completion of an initial Business Combination
and 12 months from the closing of the Initial Public Offering. However, no public warrants will be exercisable for cash unless the Company
has an effective and current registration statement covering the issuance of the common stock issuable upon exercise of the warrants
and a current prospectus relating to such common stock. Notwithstanding the foregoing, if a registration statement covering the issuance
of the common stock issuable upon exercise of the public warrants is not effective within 90 days from the closing of the Company’s
initial Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period
when we shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis pursuant to an available
exemption from registration under the Securities Act. If an exemption from registration is not available, holders will not be able to
exercise their warrants on a cashless basis. The warrants will expire five years from the closing of the Company’s initial Business
Combination at 5:00 p.m., New York City time or earlier redemption.

In addition, if (x) the Company issues additional shares of common
stock or equity-linked securities for capital raising purposes in connection with the closing of the Company’s initial Business
Combination at an issue price or effective issue price of less than $9.20 per share (with such issue price or effective issue price to
be determined in good faith by our board of directors), (y) the aggregate gross proceeds from such issuances represent more than 60% of
the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business Combination, and (z)
the volume weighted average trading price of the Company’s common stock during the 20 trading day period starting on the trading
day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Price”) is
below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the Market Price,
and the $16.50 per share