Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 150

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 150
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 filed a second amendment to
its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State (the “Charter Amendment”), to extend
the date to consummate a business combination until June 21, 2025, as approved by the Company’s stockholders at the Annual Meeting.
Pursuant to the Fourth Extension, the Company has deposited a total of twelve of $50,000 in the Trust Account, to initially extend the
date by which the Company can complete an initial business combination by twelve months to June 21, 2025.

In connection with the votes to approve the Company’s
Amended and Restated Certificate of Incorporation, 3,395,590 shares of Common Stock of the Company were tendered for redemption
for an aggregate payment of approximately $38.0 million in June 2024.

27

On June 18, 2025, the Company’s
stockholders approved the amendment to the Company’s Amended and Restated Certificate of Incorporation, as previously amended
on September 21, 2023 and June 18, 2024, to extend the date by which the Company has to consummate a business combination up to
twelve (12) times, each such extension for an additional one (1) month period, from June 21, 2025 to June 21,
2026. In connection with the stockholders’ vote at the Annual Meeting, 1,152,875 shares of common stock were
tendered for redemption. As a result, $13,510,111 (approximately $11.72 per share) has been removed from the Company’s
Trust Account in July 2025 to pay such holders, without taking into account additional allocation of payments to cover any tax
obligation of the Company, such as United States income taxes and franchise taxes, but not including any excise tax, since that
date. As of September 30, 2025, payables due to the redeeming shareholders of the 1,152,875 shares amounted to $383,578 and the
Company is in the process working with the Trustee to distribute this balance to the redeeming shareholders. Following redemptions,
the Company has 442,996 shares of public common stock outstanding. Pursuant to the Fifth Extension, the Company has deposited a
total of five of $50,000 in the Trust Account, to initially extend the date by which the Company can