Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 0

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 0
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ITEM
1. BUSINESS

Overview

Goldenstone
Acquisition Limited (“we,” “us,” “our,” “Goldenstone” or the “Company”) is
a Delaware corporation incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition,
share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer
to herein as our “initial business combination.” Our efforts to identify a prospective target business will not be limited
to a particular industry or geographic region other than we have agreed that we will not undertake an initial business combination with
any entity that is headquartered in, or conducts the majority of its business in, in China (including Hong Kong and Macau). The Company’s
sponsor is Goldenstone Holdings, LLC (“Sponsor”) which is controlled by Eddie Ni, our Chief Executive Officer.

We
believe that our management team’s decades of experience in mergers and acquisitions for blank check companies, connections to
the global business community including Asia and North America, and experience in business development will allow us to source attractive
deals and find compelling investment opportunities from private and public sources to create value for stockholders, and give us a competitive
advantage in pursuing a broad range of opportunities in many industries.

Initial
Public Offering

On
March 21, 2022, we consummated our initial public offering (the “IPO”) of 5,750,000 units (the “Units”), including
the issuance of 750,000 Units as a result of the underwriter’s full exercise of its over-allotment option (referred to herein as
the “Over-Allotment” and “over-allotment option”). Each Unit consists of one share of common stock of the Company,
par value $0.0001 per share (the “Common Stock”), one redeemable warrant (“Warrant”), each Warrant entitling
the holder thereof to purchase one-half of one share of Common Stock for $11.50 per whole share and one right (“Right”),
with each Right entitling the holder to 1/10 of one share of Common Stock. The Units were sold at a price of $10.00 per Unit, generating
gross proceeds to the Company of $57,500,000.

Simultaneously
with the closing of the IPO, the Company consummated the private placement with the Sponsors and certain other investors of 351,250 units