Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 682

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 4
Chunk 682
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 Combination or the liquidation of the Trust Account to public stockholders.
Such administrative services agreement and services fees was ended on March 31, 2023. As both of March 31, 2025 and 2024, the balance
due to the officers of the Company for general and administrative services amounted to $25,000.

Representative
Shares

The
Company issued 57,500 shares of Common Stock (the “Representative Shares”) to Maxim as part of representative compensation.
The Representative Shares are identical to the Common Stock sold as part of the Public Units, except that Maxim Group LLC has agreed
not to transfer, assign or sell any such representative shares until the completion of the Company’s initial Business Combination.
In addition, Maxim Group LLC has agreed (i) to waive its redemption rights with respect to such shares in connection with the completion
of the Company’s initial Business Combination and (ii) to waive its rights to liquidating distributions from the Trust Account
with respect to such shares if the Company fails to complete its initial Business Combination within 12 months (or up to 21 months if
the Company extends the period of time to consummate a Business Combination) from the effective date of its registration statement. The
shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the
commencement of sales of the offering pursuant to Rule 5110(e)(1) of FINRA’s Rules. The lock-up period has expired.

NOTE
7 — COMMITMENTS & CONTINGENCIES

Risks
and Uncertainties

As
a result of the military action commenced in February 2022 by the Russian Federation and Belarus in the country of Ukraine and related
economic sanctions, and conflict between Isreal and Hamas, the Company’s ability to consummate a Business Combination, or the operations
of a target business with which the Company ultimately consummates a Business Combination, may be materially and adversely affected.
In addition, the Company’s ability to consummate a transaction may be dependent on the ability to raise equity and debt financing
which may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party
financing being unavailable on terms acceptable to the Company or at all. The impact of this action and related sanctions on the world
economy and the specific impact on the Company’s financial position, results of operations and/or ability to consummate a Business
Combination are not yet determin