Welcome to our dedicated page for Goldenstone Acquisition news (Ticker: GDST), a resource for investors and traders seeking the latest updates and insights on Goldenstone Acquisition stock.
Goldenstone Acquisition Limited (GDST) is a special purpose acquisition company in the Financial Services sector, categorized among shell companies. News related to Goldenstone focuses heavily on its corporate transactions, stockholder actions, listing status, and progress toward completing a business combination, as reflected in its public communications and SEC filings.
One notable news item describes Goldenstone as a newly organized Delaware blank check company and reports that it entered into a definitive merger agreement with Roxe Holding Inc., a blockchain-based payments company. That announcement outlines plans for Roxe to merge with a wholly owned subsidiary of Goldenstone and for Goldenstone to be renamed Roxe Holding Group Inc. upon closing, subject to stockholder and regulatory approvals and other customary conditions. The communication emphasizes that it is not an offer to sell or buy securities, but rather a description of a proposed transaction.
Subsequent filings provide additional context for Goldenstone’s news flow. An 8-K details a later Business Combination Agreement with Infintium Fuel Cell Systems, Inc., and explains that Infintium exercised its contractual right to terminate the agreement after the outside date for closing passed. Other disclosures cover stockholder votes to extend the deadline for completing an initial business combination, amendments to the company’s charter and trust agreement, and the financial impact of share redemptions on the trust account.
Investors following GDST news can expect updates on proposed and terminated business combinations, special meetings of stockholders, trust account arrangements, and listing developments, including the filing of a Form 25 by Nasdaq to remove Goldenstone’s securities from listing and registration. Together, these items provide a detailed record of Goldenstone’s evolution as a SPAC and its efforts to complete a qualifying transaction.
Goldenstone Acquisition Limited (NASDAQ: GDST) has announced a definitive merger agreement with Roxe Holding Inc, a blockchain payment company. This merger aims to enable Roxe to become a publicly traded entity on NASDAQ, with a pro forma enterprise value of approximately $3.6 billion. Roxe plans to roll 100% of its equity into the combined company. The transaction, targeting closure in Q1 2023, is subject to stockholder approval and regulatory conditions. The merger is expected to enhance Roxe's growth and global payment solutions through an advanced blockchain network.
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